Ark reports 83% CoR in 2024 despite high nat cat losses
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1 Articles
Ark reports 83% CoR in 2024 despite high nat cat losses
White Mountains has released full-year results for its property and casualty re/insurance subsidiary, Ark Insurance Holdings Limited, reporting a combined ratio of 83% for the year ended December 31, 2024, compared to 82% in 2023. According to the firm, Ark’s combined ratio included 13 points of catastrophe losses in 2024, primarily driven by Hurricanes Milton, Helene, Debby, and Beryl, compared to two points of catastrophe losses in 2023. Ark’s…
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