-
The storm made landfall in Queensland, Australia at the beginning of March. -
Markets have taken a battering across the globe following the “Liberation Day” announcement.
-
The reinsurer said the probe concerns the alleged involvement of its former chairman.
-
The bond is being issued through Lloyd’s London Bridge 2 platform.
-
This will be Brit’s first cat bond issuance since its 2020 deal through Sussex Capital.
-
The carrier increased premium by 7% at the January renewals.
-
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
-
Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.
-
More than 33,000 claims had been filed as of 5 February.
-
Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
-
Programs did not offer adequate risk-adjusted return.
-
Standards and guidelines address institutional investors’ concerns over valuation risks.
