Reinsurers
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Non-proportional business accounted for 34% of its total. -
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The platform will match partner capital to provide capacity for reinsurance placements.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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The reinsurer has issued updated pricing for the instrument.
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The reinsurer has made improvements to its life and health segment, it said.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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The carrier has received more than 3,600 claims from LA wildfires.
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Amin Touahri spent five years in a variety of roles at Munich Re.
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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
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The reinsurer is seeking annual aggregate cover against earthquakes and second-event named storms.
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Paul Poschmann joins from Gallagher Re, where he was a divisional director.
