Reinsurance News
ark
AM Best upgrades Group Ark Insurance Limited’s Issuer Credit Rating
27th November 2025
AM Best has upgraded Group Ark Insurance Limited’s (GAIL) (Bermuda) Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed its Financial Strength Rating of A (Excellent). GAIL is a wholly owned subsidiary of Ark Insurance Holdings Limited (Ark), the non-operating holding company of the Ark group. The outlook on ... Read the full article
White Mountains’ Ark/WM Outrigger segment posts GWP of $1.1bn for Q1’25
7th May 2025
White Mountains has released the Q1 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million, all improvements compared to the same period of last year. The Ark/WM Outrigger segment's ... Read the full article
Ark reports 83% CoR in 2024 despite high nat cat losses
7th February 2025
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 ... Read the full article
Ark’s Q3’24 combined ratio strengthens to 79% despite elevated cat losses
6th November 2024
White Mountains has released its third quarter results for 2024 for its Ark partner firm reporting gross written premium (GWP) growth to $374 million compared to the $251 million reported the same period last year. Ark's GWP for the first nine months of 2024 was $1.9 billion, compared to the $1.7 ... Read the full article
Ark’s Q2 GWP climb to $697m as CoR remains flat at 89%
7th August 2024
White Mountains Insurance Group has released its Q2 2024 results, revealing that gross written premiums within its Ark/WM Outrigger segment rose to $697 million, up from $606 million in the same period of 2023. Meanwhile, Ark/WM Outrigger's net written premiums in Q2 of 2024 were $503 million, and net earned premiums ... Read the full article
Ark reports Q1 CoR of 94% as GWP hit $872m
10th May 2024
White Mountains has released its Q1 2024 results, noting that the combined ratio for its Ark segment was 94%, which included slight net favourable prior year development and minimal catastrophe losses. However, Ark's non-catastrophe losses in Q1 2024 included $15 million on a net basis related to the collapse of the ... Read the full article
White Mountains reports GWP rise to $232 million for Ark in Q4’23
7th February 2024
White Mountains has released its fourth-quarter results for 2023, reporting that its Ark partner firm produced strong underwriting results in both the quarter and the full year, while growing full-year gross written premiums 31%, according to CEO Manning Rountree. Ark saw gross written premiums (GWP) rise to $232 million in Q4 ... Read the full article
White Mountains reports GWP rise for Ark in Q3’23 to $251 million
6th November 2023
White Mountains has released its third-quarter results for 2023, saying that its Ark partner firm saw gross written premiums rise to $251 million at Q3'23 compared with $216 million in Q2'22. Ark saw GWP rise to $1,667 million for the first nine months of 2023, compared to $1,253 million in 2022. It ... Read the full article
Ark reports solid combined ratio with GWP growth in Q2 2023
7th August 2023
White Mountains' subsidiary Ark has reported its financial results for the second quarter and half-year of 2023, reporting a robust combined ratio of 89% and gross written premiums (GWP) growth to $606 million. Ark's combined ratio in the quarter compares to the 87% reported in Q2 2022. The combined ratio for ... Read the full article
Ark sees improved CR supported by increased capacity from Outrigger Re
10th May 2023
White Mountains has released its first quarter results for 2023, reporting that its Ark partner firm saw gross written premiums (GWP) rise 28%, and an improved combined ratio of 94% when compared to the 100% reported in the same period last year. According to the announcement, Ark’s combined ratio for Q1 ... Read the full article
White Mountains reports GWP rise for Ark in Q4
7th February 2023
White Mountains has released its fourth-quarter results for 2022, reporting that its Ark partner firm produced strong underwriting results in both the quarter and the full year, while growing full-year gross written premiums 37%, according to CEO Manning Rountree. Ark saw gross written premiums (GWP) rise to $200m in Q4 2022 ... Read the full article
Ark sponsors $250m collateralized reinsurance sidecar
21st December 2022
Ark Insurance Holdings Limited, specialty property and casualty re/insurance subsidiary of White Mountains Insurance Group Ltd., has successfully sponsored a $250 million collateralized reinsurance sidecar, Outrigger Re Ltd. According to the announcement, the Outrigger Re sidecar has been formed to provide collateralized reinsurance capacity for Ark’s global property catastrophe portfolio. Manning Rountree, ... Read the full article
White Mountains reports big rise in GWP for Ark
7th November 2022
White Mountains has released its third-quarter results for 2022, saying that its Ark partner firm saw gross written premiums rise $54m between Q3 2021 and Q3 2022. According to the firm, Ark reported gross written premiums of $216m and $1,253m, net written premiums of $193m and $1,007m and net earned premiums ... Read the full article
Ark reports huge rise in premiums in Q2 2022
8th August 2022
Ark is reporting that gross written premiums jumped from $328m to $404m between Q2 2021 and Q2 2022, with net written premiums rising from $262m to $270m between the same two points alongside an increase in net earned premiums from $118m to $217m. Comparisons between H1 2021 and H1 2022, gross ... Read the full article
Ark reports gross written premiums up more than 50% on Q1 2021
6th May 2022
Ark Insurance Group has reported gross written premiums of $633m, net written premiums of $544m, and net earned premiums of $194m in Q1 2022 against gross written premiums of $405m, net written premiums of $342m, and net earned premiums of $105m in Q1 2021. The firm said it was reporting a ... Read the full article
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