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The software company also reported that the Gasparilla Marina in Boca Grande has suffered significant damage. -
Speaking on a panel at Trading Risk New York, Montero said that the previous guidance was assuming a track closer to Tampa.
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
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RMS released event sets with a $12bn-$80bn range, while AIR put out an event set spanning $20bn-$64bn.
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The incoming CUO joins from InsurTech MGA Kettle, where he was also CUO.
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The digital investments arm of Allianz Group has been a strategic investor in the Berlin-based InsurTech since 2016.
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Lloyd’s has postponed milestones against work on specifications for a new digital gateway and the build of a proportional treaty system.
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The company attributed H1 losses to inflation, increasing reserves and capacity and £3.5mn of investment losses.
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The group has also reinforced its commitment to supporting insurance staff through the cost-of-living crisis.
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Charles Tinworth and Abigail Paterson are set to join the property team as senior underwriter and underwriter, respectively.
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Trade body InsurTech UK has announced the creation of a lobbying and advisory panel after inking a partnership with Tech Nation-backed InsurTech Board.
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Georgia, Virginia and the Carolinas have declared a state of emergency as the storm moves north.
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