Kroll affirms Prospero after 2020 underwriting loss led by Jebi creep
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Kroll affirms Prospero after 2020 underwriting loss led by Jebi creep

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Kroll affirmed its A rating on ILS Capital’s Prospero Re as the reinsurer fell to an underwriting loss in 2020 on prior-year deterioration.

Prospero Re reported a 71.2% accident year combined ratio despite taking some losses from the year’s catastrophe activity, which Kroll said compared favourably to the industry average of 105.9%.

But

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