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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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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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The crash is the latest of several losses for aviation insurers in recent months.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The insurance commissioner said the carrier has not shown the need for price increases.
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More than 33,000 claims had been filed as of 5 February.
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The estimate covers property and vehicle claims.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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The carrier enters H2 with a clean reinsurance programme.
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The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
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The role at PCS included acting as primary touchpoint for ILS.
