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Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm. -
The company also said it expects a $408mn reserve charge, including $275mn related to personal auto and $91mn recorded for commercial auto.
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Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.
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A case against Fireman’s Fund reversed an earlier decision that Covid-19 cannot cause physical damage.
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The firm assigned a neutral outlook overall to ILS but is strongly positive on many non-life risks as it seeks diversifying strategies that can withstand inflation.
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Matz worked at Tower Hill for 26 years, where his titles included COO and SVP.
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The ratings agency continues to review other Florida carriers’ positions following the 1.6 renewal.
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The storms at the end of May generated 355,000 claims, while those between 18 June and 4 July saw 624,000 claims.
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The current estimated insurance loss for the flooding is A$142mn.
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Inflationary pressure, increased demand and negotiations over attachment points are among the factors that reinsurers believe are ramping up pressure in the catastrophe space.
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The impacts of the July floods are coming on top of significant flood losses in other parts of the country in March and April.
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The agreement, which will provide up to $10mn cover per policy, expands the relationship between K2 and Homesite.
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