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Re/insurers
Gulmohamed appointed CEO at Axis Specialty Europe
Dax Gulmohamed succeeds Fintan Mullarkey, who is departing following a 21-year career with Axis.
Jim Robinson
,
10 October 2024
Catastrophe losses
Gallagher Re pre-landfall estimate sets insured losses at $30bn-$40bn
The cost to the NFIP is likely to be a “mid to high single-digit-billion impact”.
Abbie Day
,
10 October 2024
Claims and losses
Moody’s RMS stochastic model puts Milton mean wind loss at $25.3bn
The figures are not an official loss estimate from the modeller.
Samuel Casey
,
10 October 2024
Talent
Miller promotes Nagle to head of Miller Europe
Tim Nagle succeeds Oscar Holloway, who has left the company to “pursue other opportunities”.
Abbie Day
,
10 October 2024
Digests
Daily Digest: Top news from 10 October
A roundup of all the news you need today, including Hurricane Milton making landfall near Siesta Key.
Insurance Insider team
,
10 October 2024
Re/insurers
Munich Re Specialty to enter Spanish commercial market
The Madrid branch will look to begin underwriting primary specialty insurance in 2025.
Abbie Day
,
10 October 2024
London market
PPL inks deal with Microsoft for new trading hub
PPL plans for iterative releases and a production environment by end of Q1 2025.
Stephanie Denton
,
10 October 2024
Catastrophe losses
Category 3 Milton makes landfall near Siesta Key
The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
Abbie Day
,
10 October 2024
Catastrophe losses
Milton will be a more complex test for Lloyd’s than Ian
Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
Fiona Robertson
,
10 October 2024
Catastrophe losses
Milton weakens to Category 3 as track ticks north nearer Tampa Bay: NHC
Milton’s center is projected to make landfall near or just south of Tampa Bay.
Shelby Rosenberg
,
09 October 2024
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