Profitable commercial and industrial lines lead to 92.7% COR in 2023, thought insurer has a heavy reliance on reinsurance to manage large commercial property, engineering, and energy risks.
Memorandum of Understanding covers areas including case referrals, joint investigations, mutual investigative assistance, and the exchange of information
Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.
