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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance. -
The loss is based on modelled outputs, as opposed to an initial loss estimate.
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The CEO cited ‘no change’ in appetite from a shift in the capital mix.
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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis.
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Allocators are waiting for 2024 to pan out, according to Hiscox CEO Aki Hussain.
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The board of directors has voted for a 10% rate hike.
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Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
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Severe thunderstorms, mainly in the US, accounted for 70% of insured losses globally.
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Its forecast for intense hurricanes is unchanged at six.
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The NHC has said there is potential for “historic heavy rainfall” across southeast Georgia and South Carolina.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
