Hurricane Milton Bears Down on Florida’s Tampa Area With House-Toppling Winds October 9, 2024 By Brian K. Sullivan Hurricane Milton churned toward Florida’s west coast with winds powerful enough to demolish houses, threatening to unleash once-in-a-century flooding across...
Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers October 9, 2024 By Susanne Sclafane A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in...
Hurricanes Milton and Helene Expose Limits of US Flood Maps October 9, 2024 By Leslie Kaufman and Leonardo Nicoletti Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that...
Home Security Firm ADT Reports Unauthorized Activity on Its Network October 9, 2024 Home security firm ADT Inc said on Monday an unauthorized actor had illegally accessed its network using credentials obtained through...
Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup October 9, 2024 By L.S. Howard Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses...
Catastrophe Bond Investors Brace for Major Losses as Milton Rages October 9, 2024 By Gautam Naik Investors in catastrophe bonds are girding themselves for substantial losses as the combined destructive force of Hurricanes Helene and Milton...
Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC October 9, 2024 By Carolyn Cohn Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...
Optio Acquires Italian MGA Heca October 9, 2024 Optio Group, the London-based specialty managing general agent, announced it has acquired a strategic investment in the Italian MGA, Heca...
People Moves: Arch Insurance Int’l Promotes Brooks to Lead Fine Art & Specie; Aon Names Schultz Vice Chair of Reinsurance, Pennay Becomes CEO of Aon Securities October 9, 2024 This edition of International People Moves details appointments at Arch International Insurance and Aon. A summary of these new hires...
Intersys Expands in UK Insurance Market With Launch of London Office October 9, 2024 Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening...