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The executive also addressed the impact of the US tariffs. -
The proposals consist of supervisory expectations rather than rules.
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The carrier reported a 3% price reduction across London market business.
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The carrier estimated its California wildfire loss at $145mn-$165mn.
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The days of 30%+ growth are probably behind the firm, he said.
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The carrier beat QBE to the punch to secure the lead position.
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Overall, the company’s underwriting income fell 43% to $417mn in the first quarter.
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CEO Adrian Cox said the market could turn on “unexpected events”.
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The retailer’s partners are looking to join forces to secure better deals.
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Cyber and property experienced the largest price reductions.
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Co-founder and CUO Jacqui Ferrier has been appointed his successor.
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