Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Caribbean MGA Aura books $50mn loss

  • Catrin Shi 24 January 2018
  • Caribbean property specialist MGA Aura Underwriting is expecting a $50mn loss as a result of hurricanes Irma and Maria, The Insurance Insider can report.

    The MGA, which is owned and managed by Lloyd's broker Direct Insurance Group, writes on capacity provided by the London market.

    Chubb is understood to be the lead paper provider for the MGA, with Antares, QBE and other Lloyd's syndicates also among those contributing capacity.

    Sources said the MGA books annual premium income in the range...

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