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Markel product kills done, but 10% of book still taking strong action
Insurance
Markel killed non-core lines worth 2% of top line, focused on 10% below margin targets.   3 May 2024
New Third Point-backed reinsurer launches in Cayman Islands
Reinsurance
The reinsurer has entered into a treaty with a leading US annuity provider.   3 May 2024
Ascot beefs up Bermuda leadership in expansion move
Insurance
The re/insurer seeks to drive further business diversification and profitability.   3 May 2024
Reinsurance
The reinsurer about-faced on ‘soft market structures’ in property cat for 15% top-line cut.   3 May 2024
Risk Management
New AI platform aims to improve resilience to major shocks.   3 May 2024
Insurance
Int’l commercial lines gained enough margin to recoup profits lost on asset sales.   2 May 2024
Alternative Risk Transfer
Premium cession to the ILS unit rises 50% y/y in Q1; asset mix renders revenue gain.   2 May 2024
Reinsurance
Canopius seeks to drive targeted reinsurance growth with ‘meaningful capacity’.   2 May 2024
Reinsurance
It has hired a surety broker with over 30 years of experience in the market.   2 May 2024
Reinsurance
CEO Egan highlighted ‘significant progress’ in reducing its debt.   2 May 2024

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