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A higher loss quantum will put a greater burden on retro programmes. -
The carrier expects to book $100mn-$140mn from the California wildfires.
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The firm’s core CoR improved 3.2 points to 90.2%.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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Westfield’s international expansion saw it buy Syndicate 1200 from Argo for $125mn.
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The broker has made several recent hires within its marine division.
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Mark Costin previously held senior roles at Piiq and Marsh.
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The crash is the latest of several losses for aviation insurers in recent months.
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With another year of underwriting profits banked, the ‘Golden Age’ isn’t over yet.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The business has so far invested in ProMarine and Killara Cyber.
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