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The broker has noted that double-digit reductions are increasingly available in property. -
Insured losses produced the second highest first-half tally since records began in 1980.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future.
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Property rates declined by 7% globally in the second quarter.
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The property segment reported a CoR of 27.4% for the quarter, down 26.5 points year on year.
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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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