Aon announces Hofmann as new US reinsurance CEO
Two new senior leadership roles in the US for reinsurance broker Aon.
Latest updates
Moody’s RMS puts $35-55bn insured loss estimate on Helene and Milton combined
Catastrophe modeller Moody’s RMS will issue its final industry-insured loss estimate for Hurricane Milton later this week.
Whitespace US expansion reflects E&S boom – Verisk’s Gaydos
Verisk’s Greg Gaydos explained why the US excess and surplus lines are the natural next step for its Whitespace product.
Milton makes Florida landfall south of Tampa
Hurricane Milton’s US landfall came at Siesta Key as a category three storm, leaving more than two million homes and businesses without power.
Risk of US civil unrest highest level since BLM – Verisk Maplecroft
Verisk warned conditions are “on a par” with those just before the BLM protests and riots following the death of George Floyd in US police custody, which cost approximately $3bn in insured losses in 2020.
Verisk puts $6-11bn insured loss estimate on Helene
Catastrophe modeller Verisk estimates industry insured losses in the US for Hurricane Helene will range between $6-11bn.
Soft market for power and offshore energy – two broker reports
Absence of major losses means competitive pricing in power insurance, according to WTW, while offshore renewables faces a long-term soft market, NARDAC said.
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