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London market
APCIA 2024: Milton adds unknown to US casualty re capacity
The magnitude of the hurricane may impact reinsurers’ capacity deployment.
Kyoung-son Song
,
09 October 2024
Re/insurers
APCIA 2024: Milton raises prospect of further cat rate rises
Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
Shelby Rosenberg
,
09 October 2024
Catastrophe losses
Milton, Helene could complicate January 1 renewals: AM Best
Florida concentrated property insurers are expected to face capital struggles.
Caroline Ryan
,
09 October 2024
Catastrophe losses
Hurricane Milton now a Category 4 storm: NHC
The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
Hal Stucker
,
09 October 2024
London market
Cyber claims exceeding EUR1mn up 14% in H1 2024: Allianz Commercial
It also reported that severity increased by 17% in the same period.
Abbie Day
,
09 October 2024
Re/insurers
Morningstar DBRS predicts Milton insured loss at $30bn-$60bn
The estimate applies to a landfall south of Tampa Bay.
Rachel Dalton
,
09 October 2024
Reinsurers
Augment Risk hires Gallagher Re’s EVP Paul
Paul spent five years at Gallagher Re in addition to 10 years at Guy Carpenter.
Abbie Day
,
09 October 2024
Re/insurers
Liberty takes Global Aerospace’s Frost as aviation underwriting manager
The aviation market is currently experiencing high levels of competition.
Samuel Casey
,
09 October 2024
Re/insurers
NFIP on watch as Milton approaches
The government-backed scheme has greater take-up in areas in Milton’s path.
Ben Wylie
,
09 October 2024
London market
Lloyd’s scenario highlights risk of geopolitical conflict to global economy
Geopolitical conflict could expose the global economy to $14.5tn in losses.
Abbie Day
,
09 October 2024
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