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The storm is currently expected to make landfall as a Cat 2 hurricane. -
A Convergence panel suggested transparency must come from brokers as well as managers.
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Lee joins from guarantee firm Athene Holding, where she was an investor relations director.
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The move will allow Markel to leverage Nephila's position and generate operational efficiencies, co-CEO Richie Whitt said.
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The storm is equivalent to a Category 1 hurricane.
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Transparency and offering users the ability to adjust models would help advance the industry, panellists said.
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States of emergency have been declared as far east at Florida.
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Violent waves and a storm surge of as much as 9-13 feet above normal tide levels will likely cause damage across the coastline.
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The storm is forecast to reach Mexico on Wednesday and hurricane warnings are in effect.
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Incumbent Ethos CEO Rory Cline becomes executive underwriting officer for all of Ascot’s North America business.
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The 25th named storm of the year may become the 10th named storm to impact the US this year.
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The 2020 figure tops the 1.96 million-acre high of 2018, when fires cost the industry around $18bn.
