-
Growing economic and population exposures are driving potentially larger insured losses. -
The California wildfires were the only “relevant event” for the period, the carrier said.
-
The property segment experienced a 113.5-point impact from the California wildfires.
-
SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
-
Insured losses were the second highest on record for the first quarter.
-
Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
-
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
-
Trevor Oates will be responsible for ceded reinsurance purchasing.
-
TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
-
ASR launched Syndicate 2454 at Lloyd’s last year.
-
The prediction comes after a highly active hurricane season in 2024.
-
The combined ratio improved by 1.9 points to 94.7%.
