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The carrier said nat-cat claims were running in line with plan assumptions.
The carrier is also considering a potential casualty treaty market entry.
The carrier also reported a $16mn satellite loss during the quarter.
A rundown of the main stories of the week.
Behind the Headlines

Behind the Headlines: Rating conditions gear-shift and Inigo's Watson & Kaye on its next phase of growth

Listen in as Inigo CEO Richard Watson and head of reinsurance Alice Kaye discuss the use of data and AI in underwriting, the possibilities of entering the casualty treaty market, and all options being on the table for future capital events.

Behind the Headlines is a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.

Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.

Every other Friday morning, Behind the Headlines will break down the biggest stories of the last two weeks. Sam will discuss these stories with the journalists who broke them: Catrin Shi, Fiona Robertson, Rachel Dalton and the rest of Insurance Insider's award-winning editorial team.

Plus, he will interview the big names from the London market, getting their perspectives on the state of the industry and the latest headlines.

Opinion
Analysis
Competition and broker pressure on rates is ramping up as London goes for growth.
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates.
Property rates remain adequate, although price increases are tailing off.
Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again.
More News
Interviews
Interviews
CEO Luke Tanzer talked about the expansion drive as the legacy firm reported a 14.3% RoE for 2023.
The CEO was speaking after the carrier posted a $503mn profit in 2023.
The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.
The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.

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