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Somehow the appeal of the Lloyd’s market remains even as it bears less and less relation to the underlying reality of the numbers.
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CoreLogic has revised upwards its earlier Hurricane Michael insured loss estimate of $2bn to $4.5bn.
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The Chicago-based firm said this was the second-highest total through the first three quarters of the year, just short of 2017.
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The carrier names leaders for the two portfolios following group CUO Guenther's departure.
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The Shard insurer puts its engineering book into run-off.
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CCRIF and its predecessor have paid out $136mn in total since 2007.
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The Bermudian carrier has hired David Adams, previously of Maiden Re, to lead the new unit.
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John Donald moves to the role from the position of managing director.
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Data from the Florida state insurance supervisor gives Universal an 8.3 percent market share in the counties lying in the path of the hurricane. -
London-based underwriters are cautiously optimistic after hints that the US market is also hardening.
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A state of emergency is declared in 35 counties as the storm strengthens to a Category 1 hurricane.
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The carrier is actively writing specialist facultative reinsurance across commercial classes including marine, energy, contingency and professional and financial risks.
