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The risk modeler estimated the NFIP could take $10bn additional losses from storm surge and inland flooding. -
A market memo confirmed that investigations are now at an "advanced point".
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Last month, Axa XL appointed Mark Twite as CEO for its Bermuda reinsurance operations.
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The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.
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David Long will be responsible for growing Howden’s bloodstock book across the UK, the US and Australasia.
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LMA CEO Sheila Cameron, Patrick Tiernan, chief of markets at Lloyd’s and Beazley CEO Adrian Cox discussed the barriers facing female career progression in a webinar on Wednesday.
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The state insurance body received reports of 375,293 claims as of 6 October.
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The move reflects the ratings agency’s downgrade of majority owner Fosun last week.
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Mike Gazzard joined Axa XL in 2019 and was most recently vice president and senior underwriter of the carrier’s E&O portfolio strategy.
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The carrier has under 3% market share in Florida homeowners’ business in 2021.
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The estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.
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The tool scores (re)insurers’ books on a scale of one to five on how well they serve communities.
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