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Peter Zaffino will step down as CEO by midyear and transition to executive chairman

Belt-tightening causes underwriting expense ratio to fall to 25.3 per cent and 96.6 combined ratio for the year

Property catastrophe business still in a good place despite rising competition, Abir CEO says

Net income rises sharply year-on-year along with higher investment income, though cash buffers erode

The new hire has 20 years of casualty underwriting experience and was last deputy CUO at Convex Re

Intense competition in North America and price reductions of 12 per cent are in line with global trends

Firms are supplementing their modelling results with human judgment to account for climate uncertainty

The trend characterisation comes from a recent analysis of the 2025 reinsurance numbers

Additional carriers are expected for a market that is providing solutions for complex risks

The Bermudian-based casualty reinsurer has delivered a 20 per cent annualised return-on-equity since it began in 2020