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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
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Florida insurers averted a crisis, but reinsurers will still see damages.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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The magnitude of the hurricane may impact reinsurers’ capacity deployment.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
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Despite pricing declines, state funds recorded their third year of DWP growth.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.