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The company said $13bn-$22bn will come from wind damage.
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The carrier highlighted Italian and French hail events in recent years.
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The estimate includes private cover for residential, commercial and industrial property.
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With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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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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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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The figure does not include NFIP losses.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The CUO said the market must not try to recreate the conditions of 20 years ago.
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Former Stable underwriters William Ormerod and Patrick Tear have also joined.