All Topics

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.

A rebound is expected this year, however, led by strong US activity.

The move combines two units in the North America middle market division.

“We do not have the luxury of time,” he said during the Bermuda Risk Summit.

Admitted insurer withdrawals and rising demand are pushing more entrants into E&S.

Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.

Sources said that the broking giant will look to add around 10 additional backers at a $30bn EV.

The Insurance Insider US news team runs you through the earnings results for the day.

Aviation reserve strengthening added 10.1 points to the combined ratio.

Perlman has been at MMA for over six years, most recently as president of national business insurance.

Dickerson has spent over three years at the reinsurance broker.

Four cat modelers have also submitted their tech for regulatory review.