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The carrier pegged its California wildfire losses at $200mn pre-tax. -
In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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The carrier said 72% of those losses occurred in personal property.
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The chairman said the recent events were akin to Andrew, Katrina and the WTC.
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This follows the exit of Mosaic’s head of international tax earlier this month.
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SiriusPoint’s property book grew 25% in full year 2024.
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Good ESG practices are part of good risk management, the company said.
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The group includes James Cooke and Angus Ovens.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
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A higher loss quantum will put a greater burden on retro programmes.
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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%.
