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Progressive’s Helene property losses under $200mn retention threshold
The company incurred $563mn of total cat losses related to the storm.
Research
Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
Florida insurers averted a crisis, but reinsurers will still see damages.
The looming collapse of the city’s biggest livery insurer may not be cause for national concern.
Interest in these vehicles has increased recently, but market softening could throw a curve ball at growth.
Latest news
A quick roundup of today’s need-to-know news, including Milton losses, QBE and Progressive.
The estimate includes private cover for residential, commercial and industrial property.
Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
More News
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QBE to launch US inland-marine offering with AIG’s Primerano
October 15, 2024
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M&A weekly roundup: Hub, AssuredPartners, NFP, Inszone and more
October 11, 2024 -
Aon estimates Milton insured losses at $25bn to $40bn
October 11, 2024 -
Week in Brief: Hurricane Milton – Five days in October
October 11, 2024 -
Moody’s RMS stochastic model puts Milton mean wind loss at $11.8bn
October 11, 2024
Opinion
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With its McGriff deal, Marsh McLennan is betting big on MMA as a mid-market consolidator
Adam McNestrie and Ben Wylie -
Twia depopulation needs to be a priority
Shelby Rosenberg
Milton in brief: What you should know
Florida domestics, reinsurance rates and the NFIP are all under watch.
Most Read
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Hurricane Milton: Bull and bear camps dispute loss toll
October 15, 2024 -
KCC pegs Hurricane Milton insured losses at ~$36bn
October 15, 2024 -
TDI rejects 10% rate increase for Twia
October 15, 2024
Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
Casualty will likely fuel some of the E&S growth, the executive said.
Pockets in the business are still experiencing significant stress, she added.
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