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The panelists discussed the ILS reset and the path to maintaining discipline in this sector. -
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.
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She replaces interim COO Kirk Maddern, who retires at the end of the year.
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The Big Four warned of an uncertain, complex outlook for 2025 and the 1 January renewals.
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A roundup of the breaking news, C-suite interviews and exclusive insights.
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Pricing expectations are still not aligned on higher-risk coverage options.
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The underwriting venture, Florida Re, will target both US and LatAm markets.
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Despite potential claims stretching into the billions, the events are not expected to shift the dial on pricing.
