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The carrier is looking to grow its specialty offering across Europe and APAC. -
How is the market positioned to withstand Hurricane Milton?
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Tim Nagle succeeds Oscar Holloway, who has left the company to “pursue other opportunities”.
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PPL plans for iterative releases and a production environment by end of Q1 2025.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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It also reported that severity increased by 17% in the same period.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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Increased interest follows ratings agency upgrades of Lloyd’s paper.
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The MGA said insurers competing on price was “not sustainable”.
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Benign claims activity and increased capacity are contributing to “competitive pressures”.
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The broker confirmed Darren Jones and Ian Curtin were also joining the firm.
