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The pair join from Validus Re and Axa XL. -
Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.
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Overall economic losses hit $45bn in the first quarter of 2024.
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Various trends may work together to hold the cat markets up for longer than some had feared.
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ILS could benefit from focusing on the social aspect of ESG.
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Panellists at the Insurance Insider ILS conference say forecasts can push capital to “the edges” of the market.
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As a result of mostly flooding, £474mn of losses occurred in the UK.
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Researchers expect 15-20 named storms to form in the Atlantic Basin.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Sums insured for European windstorm increased by 10.1% due to inflation.
