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Digests
Daily Digest: Top news from 14 October
A roundup of all the news you need today, including the launch of energy-transition MGA Volt.
Insurance Insider team
,
14 October 2024
Re/insurers
Romeo to join Acrisure Re Bermuda from Aon
Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
Liz Bury
,
14 October 2024
Volt energy MGA launches with Dale Underwriting Partners’ support
BP Marsh has taken a 25.5% stake in the energy-transition business.
Rachel Dalton
,
14 October 2024
Catastrophe losses
Three questions after Hurricane Milton spared Florida its worst
With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.
Fiona Robertson
,
14 October 2024
Industry-wide
Milton: An analysis of who reinsures the market and past hurricane losses
Florida insurers averted a crisis, but reinsurers will still see damages.
Amit Kumar
,
11 October 2024
Reinsurers
Aon estimates Milton insured losses at $25bn to $40bn
An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
Shelby Rosenberg
,
11 October 2024
London market
Over 1.2 million properties fell within Milton’s ‘highly damaging’ winds
Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
Abbie Day
,
11 October 2024
Catastrophe losses
The shape of ILS Milton losses: Factors to watch
Collateralised reinsurance and retro are in the firing line.
Fiona Robertson
,
09 October 2024
Catastrophe losses
Moody’s RMS stochastic model puts Milton mean wind loss at $11.8bn
On Wednesday, the model had suggested a mean figure at $25.3bn.
Kyoung-son Song
,
11 October 2024
London market
Liberty takes Canopius’ McDevitt for upstream energy
The appointment follows the departure of upstream head Chris Touhey.
Samuel Casey
,
11 October 2024
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