The company attributed the growth to underwriting gains, reduced catastrophe losses and “favourable” prior-year reserve development.
AXA DCP said the satellite data will be applied across areas including natural catastrophes, cybercrime and geopolitical risk analysis.
As per GlobalData’s Financial Deals Database, Latham & Watkins led by value with advisory on deals valued at $740.4bn.
The company is finalising plans for a new syndicate, which would help it use private capital to underwrite risks at Lloyd’s.
