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The storm outbreak follows similar events in the area in 2020 and 2023. -
The packages contained client lists and records saved as “TOP SECRET” on a former employee’s computer.
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BNP Paribas will take a EUR1.11bn stake in Ageas.
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Marsh has accused its former execs of flouting a preliminary injunction.
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The broker said the A$45-per-share price discussed valued the firm appropriately.
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The peril has been historically difficult to model compared to others.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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Both the primary and reinsurance segments benefitted from a light cat year.
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Many commercial risks will have London coverage, but insured values are relatively low.
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Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
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Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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