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Modeling firm figures point to wide range of possible Ian outcomes
RMS released event sets with a $12bn-$80bn range, while AIR put out an event set spanning $20bn-$64bn.
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Josh Brekenfeld succeeds Patrick Mahon, who has been appointed head of group business for global accident and health.
The insurer-of-last-resort does not expect the hurricane to attach its reinsurance at this stage.
Research by sister title Inside P&C shows the top three homeowners carrier exposures by county for forecast highest impact areas.
In addition, Skytek reported 280 hotels and two windfarms in the cone of the hurricane.
Opinion
Opinion
Long reads
Long reads
Yesterday, we published a detailed examination of the barriers preventing women from reaching the executive committees of Lloyd’s managing agencies.
In the first part of a two-piece investigation, Insurance Insider explores the pernicious barriers to women reaching the executive committees of Lloyd’s managing agencies.
North American companies also pay executives more relative to company size than European rivals.
The median 2021 compensation of industry leaders in the US and Canada was $7.7mn, compared to $4.9mn in Europe.
Universal, Heritage among private homeowners’ leaders on Florida west coast
Research by sister title Inside P&C shows the top three homeowners carrier exposures by county for forecast highest impact areas.
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Hurricane Ian: Bearishness builds
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Hurricane Ian: What we know so far
28 September 2022 -
AIG appoints Aspen’s Brekenfeld as Hancock’s chief of staff
28 September 2022 -
Florida Citizens prepares for $3.8bn in Hurricane Ian claims
28 September 2022
Analysis
Inflation and reinsurance costs are among the key challenges that marine underwriters face.
Reinsurers are better positioned to face this storm from a financial point of view – to Florida state’s detriment – but how capital providers will react to a loss is the wildcard.
Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.
This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
More News
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Insurance Charities appoints Brekenfeld as chair
29 September 2022 -
AGCS appoints two AIG property underwriters
29 September 2022 -
InsurTech networks join forces to create advisory panel
29 September 2022 -
National Hurricane Center downgrades Ian to tropical storm
29 September 2022
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Hurricane Ian makes landfall on Florida’s west coast as Cat 4 storm
28 September 2022 -
Hurricane Ian to make landfall on Florida’s west coast at 155 mph: NHC
28 September 2022 -
Hurricane Ian maintains wind speeds of 155 mph as it approaches Florida
28 September 2022 -
Hurricane Ian wind speeds hit 155 mph with landfall likely at 14:00 ET
28 September 2022 -
QBE to sell Irish casualty book to Ascot
28 September 2022
Interviews
Interviews
The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.
The business has retained Evercore to advise on future funding options.
The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.
The carrier will “hold the line” on property exposure with its key renewal clients, the executive explained.
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