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The appointment follows the departure of upstream head Chris Touhey. -
The carrier is looking to grow its specialty offering across Europe and APAC.
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A more residential-skewed loss would impact Lloyd’s carriers in treaty where market share is lower.
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How is the market positioned to withstand Hurricane Milton?
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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The cost to the NFIP is likely to be a “mid to high single-digit-billion impact”.
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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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The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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The magnitude of the hurricane may impact reinsurers’ capacity deployment.
