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Unmodelled cat losses are prompting a reassessment of pricing, the broker said.
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The executive is the youngest brother of CEO J. Powell Brown.
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Broker says alternative capital retracted by 7% as investors exercise caution.
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Broker’s 1.1 report notes uptick in rates for property cat and non-marine retro.
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NSW has declared a state of emergency, with conditions expected to deteriorate.
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The broker highlights increasingly discerning reinsurers pushing for rate.
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Thousands are trapped on beaches in Victoria and New South Wales.
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
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The car insurer, which has held quota share partnerships with Greenlight Re, entered receivership earlier this month.
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The trade association’s claims tally for Faxai reaches $3.05bn.
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Pressure grows on firefighters after a brief cool period over Christmas.
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This week a clearer sense began to emerge of the likely shape of the 1.1 renewals.