Retentions at 85-90% meant stability of book, no need to rework exposures.
‘No point in trying to force coverage,’ CEO Carney says of retro strategy.
Conduit leaned into 39% price growth in property and 14% rise in specialty.
The reinsurer sees ‘optimal opportunity’ and ‘margin acceleration’ despite volatility.
Bermuda has the talent and flexibility to innovate, Bermuda roundtable agrees at Monte Carlo Rendez-Vous
Bermuda remains well placed to help the industry solve challenges including a capacity crunch in property-cat business. That was the broad sentiment of nine industry leaders attending the annual Bermuda Roundtable in Monte Carlo, hosted by Bermuda:Re+ILS and sponsored by Aspen.
Fixed climate models ‘are at best unreliable and not representative of emerging risks’.
Expect ‘a very interesting January 2023 renewal’ as specialty risks repriced separately.
Local primaries "struggling" to place programs amid "little appetite" for lower layers
Conduit Re outdoes rivals on Ukraine loss visibility; AXA earns analyst ire.
The officer will lead climate related initiatives ‘having championed environmental causes’.