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The carrier’s non-life combined ratio improved by 5 points to 81.6%. -
Severe convective storms were the biggest driver of last year’s losses.
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He will oversee the syndicate’s catastrophe modelling capabilities.
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The body’s budget committee is again pressing Citizens over solvency concerns.
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This follows January pre-tax cat losses of $276mn.
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The RfP covers the CEA and/or the California Wildfire Fund.
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The reinsurer’s large losses were down 5% to EUR1.6bn for the year.
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Sources are expecting multi-billion new limit to be placed.
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Some $415mn of capacity entered the market last year.
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Estimates were revised from $845mn to $740mn.
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Sabine Re marks Allied Trust’s entry to the market.
