November events added up to A$510m (US$332m) in estimated losses, with nat cat events depleting two-thirds of insurer's natural hazard allowance less than five months into the year.
Mackinnon is set to join the business in H1 2026, pending regulatory approval, following his tenure as Lloyd’s Regional Director for APAC, Middle East, and Africa.
Decline follows lower MGA volumes, with management focused on reducing volatility in both the domestic nonvoluntary cession and overseas business segments.
