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With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise. -
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Tim Nagle succeeds Oscar Holloway, who has left the company to “pursue other opportunities”.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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The aviation market is currently experiencing high levels of competition.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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Simon Theobald joins from AIG where he was senior construction underwriter.
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The market organisation has commissioned Oxbow Partners to discuss implications of the burgeoning segment.
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Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
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Pockets in the business are still experiencing significant stress, she added.
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Reinsurers will likely push for double-digit US premium rate increases.
