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Scor is also limiting its exposure in political risk and cyber. -
The transaction complements its previous acquisition of RMS in 2021.
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The property market remains “one of the most favourable... I've seen in my career", he said.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Fears around social inflation have maintained upwards pressure on US liability reinsurance pricing.
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The broker noted a shift towards alternative risk solutions in the MENA region.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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Jessica Cullen is relocating to London from New York to take up the new role.
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The Lloyd’s chief of markets said he was generally comfortable with market fundamentals.
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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Joy had previously set up the casualty practice at Global Indemnity.
