The Lloyd’s market achieved its first underwriting profit in five years last year, according to a new note from Moody’s.

Specialist re/insurance broker, Miller has announced the appointments of Hayley Malin as Head of Infrastructure in its Construction team, and Laura Gil Ramirez as Account Executive in its Renewable Energy and Environmental Technology team (REET).

Despite noting that certain investors feel that reinsurers are now more exposed by their shorter investment portfolio durations, analysts at Morgan Stanley believe that the impact should be marginal, while investment income should continue to see upside as most reinsurers are still witnessing improving investment yield.

Property and casualty re/insurer W. R. Berkley Corporation has reported a Q4 2023 combined ratio of 88.4%, including current accident year catastrophe losses of $32 million, as the company’s pre-tax underwriting income grew more than 8% to a record $315.9 million.

Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has reshuffled its organisational structure to move from a geographical-based to a product-based management structure, with two global lines of business: protection and savings & retirement.