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The LA wildfires accounted for 59% of loss activity over Q1. -
Premium rose across the top 15 P&C risks in 2024.
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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.
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The executive previously spent 15 years in a variety of roles at Zurich.
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This is up from last year’s $1bn protection for its Florida treaty.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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CEO Caroline Wagstaff called for a “tailored and proportionate” approach to regulation.
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The executive’s career includes a stint as head of cat for CorSo.
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