North America
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions. -
The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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Insured losses were the second highest on record for the first quarter.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance 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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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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Meco's 2024 gross written premiums totaled $63mn.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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02 May 2025