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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars. -
The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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Annual report pegged data and cyber security risks as most cited business challenges.
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The carrier enters H2 with a clean reinsurance programme.
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Newer swing products offer an alternative way to deal with escalating awards.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
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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.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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This year's modelled outputs have increased across all return periods.
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Underinsurance, total loss claims, and high property values have impacted loss estimates.
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The annual claims totalled £5.7bn, the largest amount paid out in any year.
