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The Australian carrier disclosed A$426mn in net cat losses during H1. -
Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
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Last year, Patrick Tiernan issued a warning to syndicates to properly manage their DA portfolios.
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The second half of the year was significantly more active for the legacy market.
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The upstream market has undergone a period of high personnel movement.
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The former Marsh aviation CEO is expected to join Lockton next month.
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In Partnership With Greenberg TraurigFred Karlinsky, Chair of the Insurance Programme at Greenberg Traurig, discusses Florida's impactful tort reforms, third-party litigation funding, and the booming E&S market's future.
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The carrier enters H2 with a clean reinsurance programme.
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Newer swing products offer an alternative way to deal with escalating awards.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
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