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Nine-month insured losses still exceeded $100bn due to California wildfires. -
The reinsurer stressed it “did not shy” from cat business in 2023.
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Differentiating Lloyd’s claims performance could help drive business to the market.
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Though wildfire losses are up, total losses are the lowest since 2015.
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Class actions and third-party litigation funding will drive up losses.
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Trade credit insurers are expected to respond with tighter buyer limits and stricter wordings.
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Jennings will reunite with Cameron-Williams, who he worked with at BDO.
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The governor has yet to sign a pending bill to create a public cat model.
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Moretti has relocated to California from London.
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Scott was most recently head of claims at MGA Geo Underwriting.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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