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An unexpected shift east towards Tampa could push losses beyond $10bn.
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Bishop Street acquired Conifer Insurance earlier this month.
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Baudouin is transitioning to a chairman position in Mexico.
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Insurers are fighting to recoup claims they have paid out.
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Padilla has also held senior regional roles at Cooper Gay and Swiss Re.
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A quick roundup of today’s need-to-know news, including Hurricane Helene, Acrisure and BMS Re.
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The executive also worked at JLT Re as head of LatAm and Caribbean analytics.
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The executive played a role in founding Montpelier Re, Lancashire and Fidelis.
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TSR predicts Atlanta, Georgia, could face Cat 1 windspeeds as the storm moves further inland.
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The new wholesale broking team will begin with professional liability, Acrisure said.
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While Republicans are typically perceived as best for business, there are several factors at play.
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The storm is expected to make landfall in Florida’s Big Bend coast on Thursday evening.