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Andrew Siffert said the weakness of the Fujita method for rating hurricane speeds was that it was partly based on damage caused.
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This week the administration pledged extra money for a programme supporting catastrophe-resilient infrastructure. -
The start-up's new hire was a founding member of the leadership team at Fosun-owned Peak Re.
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The official US forecaster said it did not expect activity to reach last year’s historic peaks.
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The monthly tally came in 14% lower than the $632mn reported a year ago.
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The former Bermuda Brokers and JLT Re broker says ILW appetite is expected to remain strong after benefitting from pandemic trading activity.
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Matthew Harvey joins as a senior vice president and leader of the operation.
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Severe and winter weather losses in the US hit $21.4bn during January-April, equity research analysts estimate.
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The region braces for a potential Category 1 landfall.
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The executive will take up the Hong Kong-based post on 1 September.
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The company also procured approximately $180mn of incremental limit for earthquakes.
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The insurer’s overall top line rose 16% as cat claims reached $70mn.
