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Milton: Day-after mark-to-market favourable for Lloyd’s
A more residential-skewed loss would impact Lloyd’s carriers in treaty where market share is lower.
Latest News
A roundup of all the news you need today, including early insured loss estimates from the impact of Hurricane Milton.
The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
Dax Gulmohamed succeeds Fintan Mullarkey, who is departing following a 21-year career with Axis.
The figures are not an official loss estimate from the modeller.
Behind the Headlines
Behind the Headlines: Milton latest and Munich Re's Dominick Hoare on geographic expansion in specialty
How is the market positioned to withstand Hurricane Milton?
Behind the Headlines is a fortnightly podcast hosted by Insurance Insider's senior reporter Sam Casey.
Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
Every other Friday morning, Behind the Headlines will break down the biggest stories of the last two weeks. Sam will discuss these stories with the journalists who broke them: Catrin Shi, Fiona Robertson, Rachel Dalton and the rest of Insurance Insider's award-winning editorial team.
Plus, he will interview the big names from the London market, getting their perspectives on the state of the industry and the latest headlines.
Opinion
Milton will be a more complex test for Lloyd’s than Ian
Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Milton will be a more complex test for Lloyd’s than Ian
10 October 2024 -
PPL inks deal with Microsoft for new trading hub
10 October 2024 -
Category 3 Milton makes landfall near Siesta Key
10 October 2024 -
Morningstar DBRS predicts Milton insured loss at $30bn-$60bn
09 October 2024
Analysis
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
Increased interest follows ratings agency upgrades of Lloyd’s paper.
Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
Space insurers are running at a near-200% loss ratio after booking losses of over $1bn in 2023.
More News
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Aon names Emma Crookes global insurance vertical leader
10 October 2024 -
Miller promotes Nagle to head of Miller Europe
10 October 2024 -
Munich Re Specialty to enter Spanish commercial market
10 October 2024
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APCIA 2024: Milton adds unknown to US casualty re capacity
09 October 2024 -
APCIA 2024: Milton raises prospect of further cat rate rises
09 October 2024 -
Milton, Helene could complicate January 1 renewals: AM Best
09 October 2024 -
Hurricane Milton now a Category 4 storm: NHC
09 October 2024
Interviews
Interviews
Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
Pockets in the business are still experiencing significant stress, she added.
The MGA aims to capitalise on the growth and maturation of the continental MGA sector.
The executive said that being in Lloyd’s would help the carrier’s global distribution.
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