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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question. -
The Italian carrier posted a record group profit of EUR7.3bn.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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For the prior-year quarter, the carrier reported a EUR9mn loss.
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A rebound is expected this year, however, led by strong US activity.
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The Corporation saw improvements across all three leadership levels.
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The broker said the list of perceived obstacles was “fairly damning” for insurers.
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“We do not have the luxury of time,” he said during the Bermuda Risk Summit.
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The regulator has scotched plans to publish details of ongoing investigations.
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Earlier this week, we revealed that Louise Nevill was joining Axa XL as specialty CUO.
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Both carriers have extensive reinsurance coverage.
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Sinead Cormican has served as deputy underwriter for the past four years.
