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The fast-moving blazes have prompted evacuations across the city. -
The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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Paul Poschmann joins from Gallagher Re, where he was a divisional director.
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More than 4,000 acres are burning as thousands evacuate.
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The reinsurer is seeking index-based cover for a wide scope of perils and territories.
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The new agreement provides $40mn of aggregate limit excess of zero.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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The carrier said reinsurance was a key component of its “low-volatility strategy”.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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Nicole Chase was central to the build-out of Mt Logan while at Everest.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Cat bonds were a key supply-side driver at 1 January 2025.
