Articles

Insurance

KCC estimates Hurricane Helene’s insured losses at a staggering $6.4bn

Wind damage losses in Georgia are expected to surpass those in Florida.   3 October 2024

Reinsurance

OdysseyRe plucks Munich Re SVP to bolster property treaty

The incoming executive held leadership roles at AIG and Guy Carpenter.   3 October 2024

Reinsurance

CCR Re snags RGA director to bolster underwriting; eyes ‘ambitious’ expansion

The appointee boasts stints at Accenture, AXIS Capital, and AIG.   3 October 2024

Insurance

Cat bonds may escape Hurricane Helene’s hit, but erosion looms

Most wind damage may be below named storm deductibles: Twelve Capital.   3 October 2024

Reinsurance

SiriusPoint and Enstar seal $400m loss portfolio transfer deal

Under the reinsurance agreement, SiriusPoint will cede net reserves of approximately $400m.   2 October 2024

Insurance

Storm Boris floods could rack up $3.9bn in Central Europe insured losses

Primary insurers will retain most estimated losses, with some reinsurance recovery expected.   2 October 2024

Reinsurance

Miller boosts European footprint with Madrid broker acquisition

The acquired company will operate under a new name, led by its current CEO.   1 October 2024

Insurance

Helene hits over 100,000 buildings in SE US with flood & wind: ICEYE

It hit properties in Florida, Carolina, Tennessee, Georgia, Virginia, & W. Virginia.   1 October 2024

Reinsurance

Acrisure Re lures Gallagher Re exec to boost London reinsurance team

The 20-year veteran has held roles at WTW, Hiscox, XL Re, and Trans Re.   1 October 2024

Insurance

Helene unlikely to affect Florida re/insurer credit ratings: Fitch

Change not likely due to ‘ample capital levels’ & ability to increase premium rates.   30 September 2024

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