-
Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders. -
Loss estimates for the disaster from the likes of KCC, Verisk and Moody’s RMS now range between $28bn and $40bn.
-
Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
-
Rates are now falling, but submissions are still rising, according to wholesale brokers.
-
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
-
Insurance Insider US dissects the largest and hottest deals of the year across segments.
-
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
-
Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
-
The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
-
The NFIP can take on more debt, but climate-fueled disasters aren’t going anywhere.
-
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
-
Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
