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The agency cited falling property rates and US casualty challenges.
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According to S&P, the carrier’s outlook is “stable”.
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The carrier said it will leverage its strong position in the ongoing favourable environment.
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The marine insurer said a volatile claims environment necessitated rate adjustments.
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The reinsurer’s “refreshed” strategy to focus on AI and a new share-buyback programme.
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Six of the 10 largest syndicates remained flat or reported de-emptions.
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Lower rates and currency shifts have pushed syndicates to cut stamp.
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Plus, the latest people moves and all the top news of the week.
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The chief of market performance urged syndicates not to “pull forwards” tougher conditions by chasing topline.
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The carrier booked GWP growth of 6% for the first nine months of 2025.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Aegis, Beazley and others are among those cutting stamps.
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The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
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The improved combined ratio was driven by lower losses and expenses.
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The international segment’s net written premium contracted 5%.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
