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Insured losses were the second highest on record for the first quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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Trevor Oates will be responsible for ceded reinsurance purchasing.
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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The prediction comes after a highly active hurricane season in 2024.
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The combined ratio improved by 1.9 points to 94.7%.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Caution around economic volatility wrought mixed outcomes in specialty re.