Property
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Most of the industry losses occurred in Austria, the Czech Republic and Poland. -
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The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
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The largest individual net loss at EUR230mn was caused by Hurricane Milton.
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Both carriers have extensive reinsurance coverage.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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Almost 300,000 people have been left without power from the storm.
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This loss number covers the property line of business.
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The London D&F market will shoulder most of the losses.
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Eric Paire was head of capital advisory at Aon for nearly seven years.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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Climate change and other loss impacts were not adequately incorporated, sources said.
