Personal E&S
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The business will divide into US wholesale and specialty, and programmes and solutions. -
The carrier has received 12,300 claims as of 28 March.
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The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.
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A higher loss quantum will put a greater burden on retro programmes.
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The total includes fire and smoke damage plus living expenses for evacuees.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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