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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn. -
The cyclone pool received $479mn in GWP in the year to 30 June 2024.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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Another potential individual disability insurance loss of $40mn relates to a physician.
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The scheme will not be in place for 2025 as government discussions grind to a halt.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover.
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A roundup of all the news you need today, including the results of the regulator’s non-financial misconduct survey.
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The marine underwriter said the business had grown through taking “very big positions” on programmes.
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Richard Mangion spent almost two years as CFO at Bridgehaven.
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Plus the latest people moves and all the top news of the week.
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Bullying and sexual harassment were the most commonly reported incidents.
