Claims trends
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses. -
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
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Although US pricing is improving there is pressure in other geographies.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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Coverage has broadened while limits have increased, the broker said.
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More players are looking to the class in a bid for top-line growth.
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Ransomware threat actors are continuing to attempt ‘smash and grab’ attacks.
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Lloyd’s chair Bruce Carnegie-Brown officially hands over to Charles Roxburgh today.
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Insolvencies caused by the tariffs could also cause increased losses
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The firm now reports on insurance exposures to natural perils for 21 countries.
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From where to prioritise investing to managing slower growth, there are tough balancing acts ahead.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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