Property

Damaging hail and wind hit Texas, Arkansas, Mississippi and Georgia.

The report outlined 17 recurring and emerging risks (re)insurers should be aware of.

The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.

The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.

The bond covers named storm, severe thunderstorm and winter storm in the Commonwealth of Massachusetts.

Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.

The current year performance marks an uplift compared to a tough 2022, in which Elementum delivered a loss to White Mountains of 4.6%.

Most forecasters predict below-average activity in the region – but opposing weather phenomena mean uncertainty is higher than usual.

The bills place additional requirements on insurers in the state and expand consumer protections.

Some cedants paid more than 40% increases depending on Florida concentration and Hurricane Ian losses.

Even clean accounts in the admitted space are seeing rate increases of 15% year on year, while loss-hit accounts in Florida were slapped with a 100% rate increase for June 1.

This compares to the subsidiaries’ 2022-2023 reinsurance tower, in which they secured coverage for losses up to $3.16bn.