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Lloyd’s may have greater exposure to new Irma track

Lloyd's has higher exposure to a windstorm that hits the county that directly abuts Tampa than it does to a Miami Dade event, according to realistic disaster scenarios (RDS) released by Lloyd's.

Adam McNestrie, 10 September 2017
Delayed Verto broadens remit ahead of launch

Verto, the Names-backed quota share syndicate, has applied to expand its original remit to include class-specific quota shares, The Insurance Insider can reveal

Charlie Thomas, 10 September 2017
The Insurance Insider Monte Carlo 2017 Day 1

Awards acceptance speeches are usually quite predictable. But when a Cat-5 hurricane is hurtling towards Florida, predictability is the first casualty...

Mark Geoghegan, 10 September 2017
Nephila and Everest lead concentrated Florida cat treaty market

The top five reinsurance writers in Florida assume 23 percent of the market's ceded premium, analysis by The Insurance Insider has shown

Catrin Shi, 10 September 2017
Ward to join as head of Willis Re Specialty in US

Former Validus CEO Conan Ward is set to join Willis Re's specialty business as the head of its US operations, The Insurance Insider can reveal.

Adam McNestrie, 10 September 2017
Doomsday scenario recedes as Irma tracks west

Hurricane Irma's projected path continued to drift west on Sunday morning, with current forecasts showing the storm glancing the west coast of Florida before moving up towards the Panhandle.

Adam McNestrie, 10 September 2017
RMS: 90% chance Irma loss is sub-$70bn

The westward movement in the track of Hurricane Irma over the last two days means that there is now a 90 percent chance that insured losses from the storm will be $70bn or less, according to modelling firm RMS.

Adam McNestrie, 09 September 2017
Private Harvey loss could be $18bn-$25bn: RMS

Commercial insurers are facing losses of between $18bn and $25bn from Hurricane Harvey, according to an estimate from modelling agency RMS.

Adam McNestrie, 09 September 2017
Irma could cost insurers $20bn-$65bn: AIR

Hurricane Irma could inflict insured losses of $20bn-$65bn, according to a preliminary estimate from AIR Worldwide, based on the current storm track.

Adam McNestrie, 09 September 2017
Irma threatens 8.5mn Florida structures: CoreLogic

Hurricane Irma’s vast size and expected track taking it into Florida by Sunday could put nearly 8.5 million residential and commercial properties in the Sunshine State at significant risk of wind damage, while storm surge could affect 3.5 million, realty data firm CoreLogic said.

Ted Bunker, 09 September 2017

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