Catastrophe losses

The carrier’s share price dropped 3.6% on its Q1 results.

The carrier booked EUR800mn in LA losses in the P&C segment.

Ark's combined ratio included 25 points of catastrophe losses in Q1.

The CEO expects overall P&C pricing to be “stable” through 2025.

The insurer has not decided whether to sell its Eaton subrogation rights.

Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.

The carrier estimated its California wildfire loss at $145mn-$165mn.

Growing economic and population exposures are driving potentially larger insured losses.

Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.

The storm made landfall in Queensland, Australia at the beginning of March.

Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.

SCS losses were also above average in Q1 due to “lingering” La Niña conditions.