v3.25.1
Significant New Business (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Significant New Reinsurance Business
The table below sets forth a summary of new reinsurance business that we closed between January 1, 2025 and March 31, 2025:
Line of BusinessConsideration ReceivedNet Loss Reserves Assumed
DCA (1)
Type of TransactionRemaining Limit upon AcquisitionJurisdiction
(in millions of U.S. dollars)
Marine, property and general liability$180 $182 $2 LPT$128 U.S., U.K., and Europe
Casualty175 177 2 Novation
N/A(2)
U.S.
Total $355 $359 $4 
(1) Deferred charge assets (“DCA”) are recorded when the estimated ultimate losses payable exceed the consideration received at the inception of the agreement. Refer to Note 7 for additional information.
(2) There are no limits under the agreement.
The table below sets forth a summary of new reinsurance business that we have signed with AXIS Capital Holdings Limited, that closed on April 24, 2025.
Line of BusinessAgreement DateType of Transaction
Estimated Reserves (1)
(in millions of U.S. dollars)
Diversified mix including liability, professional risk, and motorDecember 13, 2024LPT$2,290 
(1) Estimated reserves are being finalized following the closing of the transaction.