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Nicola Gaisford joined RiverStone from R&Q last year. -
Excess casualty rates were up 10% and have been double-digit all year, the executive said.
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The average for October was roughly half of that for September.
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The firm will provide an update on November 22 to avoid holiday season.
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Industry campaign cash favors Republicans, except when it comes to the presidential election.
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Private companies aren’t prepared to supplant NOAA’s gold standard of data collection.
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The broker said the casualty segment is approaching an “inflexion point”.
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Republican tariffs and higher Democratic corporate taxes would hurt the sector.
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Management is showcasing its ambition, but it’s also dialing up risk.
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It is understood the executive will join the carrier later this year.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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RiverStone is assuming $1.2bn of a $1.6bn legacy deal.
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