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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures. -
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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The insurance industry has experienced mounting losses from severe convective storms.
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The agency collects gold standard data and conducts research. Without that, there’s more uncertainty.
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A quick roundup of our best journalism for the week.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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Kathleen Reardon, CEO of Hiscox Re & ILS, also talked about the impact of the California wildfires and why it’s important for cedants to work with a reinsurer with strong underwriting and modelling skills when disaster strikes.
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The MGA recently secured capacity to write HNW homes in California.
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The carrier was seeking to expand its March 1-renewing program.
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While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.
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Admitted insurer withdrawals and rising demand are pushing more entrants into E&S.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
