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Typhoon Haishen is following in the wake of the storm, and is currently forecast to approach South Korea at Cat 4 strength
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Chris Schaper is to step in as CEO of the unit, as Jeff Clements and Chris Silvester depart.
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The London D&F market is expecting minimal exposure, but there is also potential for political violence and trade credit losses, sources said.
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Motor accounts for 47% of the industry’s total bill, while property claims rise sharply from earlier estimates.
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The broker also confirms the appointment of James Goodwin as head of power and mining.
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The ratings agency predicts traditional insurance products will be the preferred focus of most start-ups, with some skewing to technology.
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The Chikugo River on the island of Kyushu is one of many to have broken its banks.
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The cover, which is stable from 2019, was brokered by Aon.
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The acquisition expands Lighthouse’s footprint into Florida and creates a firm with $200mn in premiums written.
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The total premium outlay for the programme rose by 10% to $272mn.
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The carrier only bought $620mn of new private reinsurance limit as it didn’t want to lock in multi-year cover at current rates.
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Cristobal could impact the Gulf Coast as a tropical storm late on Sunday.