-
The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re. -
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
The US accounted for 92% of all global insured losses for the period.
-
US events accounted for more than 90% of global insured losses.
-
State legislation has led to major strides in rate adequacy.
-
Category 4 and 5 storms could become more common and hit further north.
-
In the US, the index fell 6.7% year on year.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
-
Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
Most Recent
