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Reinsurers
Reinsurer discipline remains strong, contingent on emergent threats: APCIA panel
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
Shelby Rosenberg
,
07 October 2024
Catastrophe losses
Moody’s RMS estimates Hurricane Helene losses at $8bn-$14bn
Moody’s also predicts losses to the NFIP at potentially more than $2bn.
Caroline Ryan
,
07 October 2024
Catastrophe losses
Hurricane Milton strengthens to Category 5: NHC
The storm is packing maximum sustained winds of 175mph.
Hal Stucker
,
07 October 2024
Re/insurers
NFIP’s future seen as ‘clouded’: AM Best
The government flood insurance program now carries $21bn in debt.
Hal Stucker
,
07 October 2024
Re/insurers
Ascot expands in marine hull with Sompo’s Brotherton-Farrell
The hull market is currently experiencing high levels of competition.
Samuel Casey
,
07 October 2024
Catastrophe losses
Hurricane Milton reaches Cat 4, set to ‘rapidly intensify’ to Cat 5: NHC
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
Abbie Day
,
07 October 2024
London market
Axis names Flitman London head of ceded re
The executive moves from his current role as chief risk officer for Axis Managing Agency.
Samuel Casey
,
07 October 2024
London market
Downstream market fears $500mn claim from major Greek refinery fire
The loss ends a spell of benign claims activity in the downstream segment.
Samuel Casey
,
07 October 2024
London market
Aviva appoints Theobald as EAR underwriting manager
Simon Theobald joins from AIG where he was senior construction underwriter.
Abbie Day
,
07 October 2024
London market
Streamlined vanguard group to restart Blueprint Two testing in mid-October
The streamlined group consists of four brokers and four underwriters.
Stephanie Denton
,
07 October 2024
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