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The company received over 10,100 home and auto claims as of January 27. -
The platform will match partner capital to provide capacity for reinsurance placements.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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He joins from Pillar Capital and will be based in Bermuda and New York.
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Secondary market pricing indicated anticipated California wildfire losses.
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Graeme Bell (pictured) will continue in his role as group legal officer.
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Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.
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The industry loss number has increased threefold from an initial $5bn pick.
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The total includes fire and smoke damage plus living expenses for evacuees.
