-
The $2.59bn renewal is up 45% from last year. -
Up to nine million acres of US land are considered likely to burn.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
Last week, TSR updated its forecast and is now predicting above-average storm activity.
-
Most of the losses are attributable to a supercell storm in Texas.
-
Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
-
Burford’s CEO said Chubb is inappropriately using its corporate power.
-
Politically related exposures are growing for the marine market.
-
LA wildfire losses are impacting the 2024 years of account, Argenta noted.
-
-
It previously predicted activity slightly below the 1995-2024 average.
-
SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
