Insurers
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The agency forecasts up to five major hurricanes and 19 named storms. -
The majority of the savings are expected to be realised in the retail division.
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She will continue to work with the executive team on key projects and initiatives.
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The broker called on carriers to expand coverage into new specialisms.
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The carrier’s combined ratio improved by 0.7 points YoY to 91.1%.
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The group reported an 89.7% combined ratio for the quarter.
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The underwriter has held positions at The Hanover, Liberty Mutual and Zurich.
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As with 2024, pricing pressure has been most acute on top layers.
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The Japanese carrier noted the impact of increasing natural disasters.
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The syndicate-in-a-box is the first Lloyd’s syndicate to operate outside London.
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Tornadoes have killed at least 32 people in three states.
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The targeted uplift comes after Mercury ceded nearly $1.3bn of wildfire losses to reinsurers in Q1.
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