-
CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”. -
The London D&F market will shoulder most of the losses.
-
The reinsurer pegged the market loss at $40bn.
-
North America is likely to be the most financially impacted by the scenario, Lloyd’s said.
-
Ascot Underwriting CEO Ian Thompson, who took the helm last summer, discussed emerging headwinds.
-
The programme structure was expanded, but it is unclear what percentage was placed.
-
Plus, the latest people moves and all the top news of the week.
-
The company also announced a EUR2bn share buyback.
-
Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
-
The estimate is based on industry losses in the range of $35bn-$45bn.
-
CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
-
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
