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Secondary market activity and hedging would be likely if a Beryl-sized storm tracked toward the US. -
The executive joined in January after a decade at Liberty Mutual.
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This is lower compared to 8.2% recorded by the index in H1 2023.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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The flattish outcome comes after a larger year-on-year hike in January.
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The latest Insider ILS Outstanding Contributor for the year said 2011 was an under-appreciated turning point for the market.
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Insured losses could be less than $1bn if current NHC forecasts are accurate.
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Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula.
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The parametric structure would have paid out at slightly lower storm pressure.
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Benefits of ILS smart contracts include transparency and tradeability.
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Curtis Dickinson will help to oversee the strategy and vision of Hiscox Re & ILS.
