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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”. -
The capacity arrangement with LRA also remains in place.
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The programme structure was expanded, but it is unclear what percentage was placed.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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The carrier increased premium by 7% at the January renewals.
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An increase in tonnage from new and existing members drove up income.
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Cedants could choose to retain more as cross-share sell-offs boost their capital.
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Several airlines priced down around time of the Jeju and American Airlines aviation crashes.
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Reinsurers on portfolios with longer-tail liabilities may withdraw.
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The carrier reported cat price reductions of 5.4% at the January renewals.
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The carrier reported expansion in financial lines and marine.
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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%.
