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Guy Carpenter said personal-lines exposure would account for 85% of the aggregate loss. -
The insurer will focus on UK regional growth and opportunities in cyber for the coming year.
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Theo Norris joins from Gallagher Re, which brokered one of the first 144A cyber cat bonds.
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Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.
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Panellists discussed the softening market, and what would flip the switch on rates.
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The reinsurer has made improvements to its life and health segment, it said.
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The industry loss number has increased threefold from an initial $5bn pick.
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In its latest report, the carrier cites the top 10 cyber incidents of 2024.
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The total includes fire and smoke damage plus living expenses for evacuees.
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CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
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The business wrote the deal through its recently established Lloyd’s syndicate.
