-
The carrier announced a $175mn share buyback. -
The carrier increased premium by 7% at the January renewals.
-
The firm projects losses from the fires at between $160mn-$190mn.
-
The carrier will look to grow business outside North America.
-
The carrier expects the market loss to land at $35bn-$40bn.
-
Cedants could choose to retain more as cross-share sell-offs boost their capital.
-
Retention levels for reinsurance fell across the different geographies the carrier operates in.
-
-
Q2 renewals will likely signal changes in the reinsurance market, the broker said.
-
Social inflation and larger vessels are making multi-billion losses more likely.
-
The chairman said the recent events were akin to Andrew, Katrina and the WTC.
-
The estimate is net of its per-occurrence reinsurance program and gross of tax.
