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Milton threatens to make landfall in Florida shortly after Helene. -
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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Industry sources widely expect the storm to wipe out Q3 earnings progress for domestics.
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October 17 has been set as the deadline for written comment.
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This will not impact Markel International, which will continue to operate out of the UK.
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Baudouin is transitioning to a chairman position in Mexico.
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Padilla has also held senior regional roles at Cooper Gay and Swiss Re.
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The effort will draw from California’s research and higher education communities.
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Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.
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The underwriting venture, Florida Re, will target both US and LatAm markets.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
