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The awards will be held on 3 September at The Brewery in London.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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The carrier said the cuts will help it to become a “simpler, digital-led business”.
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The investment comes amid expectations of a new cycle of deals.
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Phil Furlong has been made head of underwriting and oversight, a newly created role.
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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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In April, the loss modeller pegged losses at A$2.57bn.
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Who will buy the swathe of PE-backed Lloyd’s firms coming to market over 2025-26?
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The firm's near-term global strategy includes operations in the UK, US, parts of Europe and Asia.
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The reinsurer has also appointed Mehdi Benleulmi as global head of credit.
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This year is predicted to be an above-average season, like 2024.