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The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year. -
Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
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The carrier reported preliminary profits of EUR2.1bn, driven by “very low” major-loss expenditure in P&C re.
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Alcor has also opened an Atlanta office, broadening operations in the US market.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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US events accounted for more than 90% of global insured losses.
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Category 4 and 5 storms could become more common and hit further north.
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The start-up aims to bind its first risk in Q4 2025.
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In the US, the index fell 6.7% year on year.
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Emilie Hungenberg joins the carrier from Aspen.
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Despite predicting fewer hurricanes, the numbers are still above average.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
