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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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The unit will write business from Australia, Canada, the UK and Europe.
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Bradley was construction team leader for US casualty at WTW.
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Guy Carpenter said personal-lines exposure would account for 85% of the aggregate loss.
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The insurer will focus on UK regional growth and opportunities in cyber for the coming year.
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The total includes fire and smoke damage plus living expenses for evacuees.
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Some 700 colleagues will join the group as the German broker joins SRG’s shareholder roster.
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The fire started Wednesday morning and is currently 0% contained.