Risk losses
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Questions remain over regulatory touch, capital requirements and tax benefits -
The claim hits the downstream market following a loss-hit start to the year.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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He expects the operational hygiene of MGAs to be tightened soon.
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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A collision earlier today caused a cargo of jet fuel to burst into flames.
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The transactional liability class faces a string of potential losses, especially in the contingent segment.
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A California ruling could set an important precedent as other courts consider similar cases.
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We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
