Property
-
The carrier increased US-exposed reinsurance limit by EUR250mn but almost halved its group aggregate. -
The carrier is “very optimistic” on Japanese and US renewals this year, and outlined plans for growth in various lines and regions.
-
Policyholders have filed some 730 claims after fires hit hills outside the western city.
-
The carrier revealed 10.9% premium volume growth at 1.1.
-
The modeller said it is “likely” that the number of claims could exceed the high of Hurricane Harvey in 2017.
-
A weakening La Nina and warm sea temperatures in the tropics raise the specter of elevated catastrophes for the rest of the year.
-
The merged entity will also look to focus on higher margin lines and invest in InsurTech.
-
The deal comes as the Iowa-headquartered carrier pursues further diversification into reinsurance.
-
Some pointed to low average costs to fix burst pipe claims, while others warned that BI could drive up losses.
-
Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
-
ARPC said the move improves the pool’s capital strength.
-
Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
