North America

The company said $13bn-$22bn will come from wind damage.

CEO of WTW’s Corporate Risk and Broking for North America, discusses the transformation in operations, diversity, and talent strategy.

Randy Fuller, Head of North America Property at Guy Carpenter, discusses market stability, hurricane impacts, and the evolving role of claims professionals on October 1st, 2024.

Organic growth fell by 1 point quarter on quarter and was down by 5 points from Q3 2023.

A canvassing of the market showed some bifurcation on the necessity of a government backstop.

HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.

Most of the insured loss was attributable to wind.

Sweeney was most recently VP at Vantage Risk, as part of a team responsible for the US financial lines business.

The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn.

The estimate includes private cover for residential, commercial and industrial property.

RMS will issue its final loss estimates for Milton later this week.

With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.