Property
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Total pre-tax cat losses for the quarter grew sixfold YoY to $135mn. -
The slowdown was based on a conviction of “higher likelihood of frequency events” this year.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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The reinsurer raised $84.5mn of third-party capital in the quarter.
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Changes made will make it easier to compare the funds, said Albourne’s Michael Hamer.
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Reinsurer-managers are building out asset management infrastructure as they expand.
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The carrier purchased an additional $150mn of cover.
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The modeller said 3 million homes were without power at its peak.
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Two-thirds of Guy Carpenter’s clients bought more coverage in H1.
