Aon
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit. -
The peril can no longer be considered secondary, according to Gallagher Re.
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The figure is well above the historical average of $39bn for this century.
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Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula.
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The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
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Evercore is leading the capital raise process and Aon is assisting with the Lloyd’s application process.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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The index-based coverage will be for the benefit of Lloyd’s Syndicate 1910.
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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