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Brokers expect strong competition at remote risk layers at the 1 January renewal. -
The ratings agency said companies focused on growing business in Gulf Coast states, however, would face a “key test” as claims materialised.
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Nick Pritchard has been appointed underwriting portfolio and alternative capital manager.
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A strong forward pipeline will require fast work by ILS investment houses.
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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000.
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‘Life-threatening’ storm surge and hurricane-force winds expected for the state, according to the NHC.
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The estimate from the Perils-owned company does not include any losses from Hurricane Debby.
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A hurricane watch is now in effect for the Louisiana coastline.
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The carrier said European cat business needs further price improvement.
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Some Canadian cedants have approached the market for top-up cover.
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Guy Van Hecke has spent the last 26 years working at Axa, starting at Axa Corporate Solutions.
