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Alleghany’s pre-tax net cat hit of $317.2mn drove the company to an operating loss for the fourth quarter. -
Catastrophes weigh in on the carrier’s fourth-quarter results, inflating the combined ratio more than expected.
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The firm has deployed just under half its remaining asset base in its 2019 portfolio, with significant sums locked up in side pockets at year end.
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Repeated record wildfire losses have seen carriers scale back their offerings.
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The leading figures in the Latin American reinsurance market are in Miami for the region’s version of the Monte Carlo Rendez-Vous de Septembre.
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Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise.
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The global insurer cuts back its line size but remains in the class as peers withdraw.
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Baltic Re will provide coverage for Pool Re’s losses between £500mn and £700mn.
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Natural catastrophes added 12 percentage points to the insurer’s combined ratio.
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Record levels of rainfall turned wildfire scars in to mudslides.
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Syndicate 510 suffers the impact of US hurricane losses for 2017 YoA.
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More than 15,000 claims have been lodged with insurers.
