Corporate Risk & Broking expansion targets large corporates and firms with global interests, in specialty lines such as energy, marine, aviation, cyber, and construction.
The captive has raised its net retention limit on non-marine business, but underwriting profitability remains steady due to low loss ratios within existing lines.
P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.
