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The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires. -
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The MGA’s US clients will now have access to London market capacity.
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The traditional R&W product is seeing an increasing number of large losses.
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The executive will maintain his advisory role with the Ardonagh-owned wholesaler.
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The carrier pegged its California wildfire losses at $200mn pre-tax.
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In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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The carrier said 72% of those losses occurred in personal property.
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The chairman said the recent events were akin to Andrew, Katrina and the WTC.
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This follows the exit of Mosaic’s head of international tax earlier this month.
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SiriusPoint’s property book grew 25% in full year 2024.
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Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
