-
Modest increases to reinsurance costs were partly offset by the Australia cyclone pool. -
The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.
-
-
Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
-
Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
-
A higher loss quantum will put a greater burden on retro programmes.
-
The estimate is net of its per-occurrence reinsurance program and gross of tax.
-
Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
-
The aim is to capitalise on cat bond market’s robust growth and US peril concentration.
-
Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.
-
The loss aggregator has classified the fires as two separate events for reinsurance purposes.
-
New limit of $474mn entered the market across two deals.
