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Transaction numbers declined marginally year on year.
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California has a wildfire problem. That much is abundantly clear after two consecutive years of record wildfire losses in 2017 and 2018.
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Repeated record wildfire losses have seen carriers scale back their offerings. -
Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise.
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A sharply declining loss ratio leads to a 25.7-point improvement in the unit's combined ratio.
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The reinsurer will become the first scheme of its kind to offer non-damage business interruption cover.
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UK rates are up by 100 percent in many cases.
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The coverholder will have delegated authority for all types of business offered at the carrier’s syndicate at Lloyd’s.
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The London-listed carrier hires Tim Turner to replace Clive Washbourn as marine chief .
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The internet grocer previously warned the fire would hamper sales growth.
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The executive will oversee major accounts in 17 countries.
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Current investors Valar and Ribbit have backed the raise.
