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The executive has been group CUO since 2021. -
Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
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Over the past several months, Floir approved nearly one million policies for takeout from Citizens.
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On Wednesday, the model had suggested a mean figure at $25.3bn.
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Florida insurers averted a crisis, but reinsurers will still see damages.
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The hurricane is likely to prevent rate reductions in property cat in 2025.
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Shares gained after Hurricane Milton did less damage than anticipated.
