News

Insurance

Hurricanes Helene and Milton to drive up to $55bn in industry losses: Moody’s RMS

Preliminary estimate reflects insured wind, storm surge, and inland flood impacts from both events.   14 October 2024

Insurance

Hurricane Milton surges to Cat 5 in 24 hours, aims for Florida as Cat 3

Milton is set to wreak major damage in Tampa Bay, the area's first direct hit since 1921.   8 October 2024

Insurance

Aon lifts long-serving talent to lead global insurance vertical

The appointee will boost capabilities across commercial risk, reinsurance and health.   11 October 2024

Insurance

Hurricane Milton to trigger $25-$50bn in insured losses: Jefferies

Milton is likely an earnings event and will not raise property reinsurance rates in 2025.   11 October 2024

Insurance

Milton, Helene to hit Florida property re/insurers hard; 1/1 renewals in jeopardy

1/1 renewals for property reinsurance programmes could be ‘more problematic’, analysts warn.   10 October 2024

Insurance

Milton and Helene’s joint losses could top $100bn, threaten insurer profitability

Reinsurance market to resume hardening even in a scenario of moderate losses.   10 October 2024

Insurance

Aon’s NFP acquires Miller Insurance Group (MIG) in Indiana

The acquired firm offers commercial property and casualty insurance.   10 October 2024

Insurance

Cincinnati holds Lloyd’s capacity steady for 2025 after prior year boost

The move comes even as a new hire opens the door for launch of marine cargo in 2025.   11 October 2024

Insurance

SCS losses escalate-but insurers can manage the risk: Holborn

Losses from severe convective storms hit some $42 billion globally in H1 2024.   8 October 2024

Insurance

Africa Specialty Risks taps 35-year Lloyd’s veteran to expand in MENA

The exec will drive the company’s distribution strategy and develop partnerships.   11 October 2024

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