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California wildfires account for $40bn of the insured loss tally in H1. -
Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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The carrier said most lines remained well priced despite increased competition.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The company also purchased $15mn of SCS parametric coverage.
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The specialty reinsurer also saw several bad investments hit the books.
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The LMA head also praised Velonetic for transparency on Blueprint 2.
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The company has also expanded its relationships with US and UK MGAs.
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The newly created role consolidates leadership across UK entities.
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The underwriter was head of financial institutions at LSM for six years.
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Matthew Doherty joined the reinsurer in 2018 as SVP, property portfolio manager.
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The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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