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Early estimates of $1bn-$2bn Laura upstream loss as surveys commence
Insurers forecast rate acceleration, along with damage below that seen in 2005 and 2008.
Samuel Casey
,
28 August 2020
Aon loses senior casualty broker Gradwick-Light
His anticipated move to Guy Carpenter follows that of Francis Paszylk to TigerRisk.
Adam McNestrie
,
28 August 2020
The Week in 90 Seconds
An early view of Hurricane Laura damage, more pain in store for Lloyd’s, and continued capital raising activity.
Catrin Shi
,
28 August 2020
Capsicum Re to parachute in Aon exec Wakefield as managing director
The marine and composite broker is understood to have placed portions of the IG’s reinsurance programme.
Adam McNestrie
,
28 August 2020
Watson secures JC Flowers backing in bid for StarStone’s Lloyd’s syndicate
The former Hiscox CUO has $300mn of cornerstone backing from the PE firm to make a deal happen.
Adam McNestrie
,
28 August 2020
Careful design needed for pandemic backstop: Liiba’s Croft
The broking association says that insurance compensation is the most efficient means of getting money to businesses.
Samuel Casey
,
28 August 2020
Laura and London’s Q3 specialty ‘Full House’ loss
Stinging energy losses could be added to a slew of painful marine and aviation losses in August.
Adam McNestrie
,
28 August 2020
Airport and chemical plant among Laura damage
The storm produced a storm surge less severe than feared and has now been downgraded to a tropical depression.
Samuel Casey
,
28 August 2020
CoreLogic estimates Laura losses at $8bn to $12bn
Storm surge losses are expected to remain under $500mn.
Lucy Jones
,
28 August 2020
Enstar picks Wolf to succeed Bowker as CFO
The former AmTrust executive will take over as full CFO at the end of February 2021.
John Hewitt Jones
,
28 August 2020
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