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The late March storm caused extensive damage in southern Quebec and Ontario. -
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The soft market continued through H1 2025, especially on shared programs.
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The LA wildfires accounted for 59% of loss activity over Q1.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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MillerBoost is the latest broker facility to launch in London.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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The platform will capture and standardise data from all submissions, the broker said.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
