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The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week. -
She most recently led the broker’s UK insurance vertical.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Dax Gulmohamed succeeds Fintan Mullarkey, who is departing following a 21-year career with Axis.
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The cost to the NFIP is likely to be a “mid to high single-digit-billion impact”.
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The Madrid branch will look to begin underwriting primary specialty insurance in 2025.
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PPL plans for iterative releases and a production environment by end of Q1 2025.
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The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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Florida concentrated property insurers are expected to face capital struggles.
