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George Mawdsley joins after more than 10 years at Securis, where he was tasked with structuring and origination of ILS risk. -
The ICA said the storm has already generated more than 3,800 claims across areas stretching from Cape York Peninsula to Mackay.
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The “convenience claims” route to payout will be limited to claims up to $200,000.
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The ICA has activated its preliminary extreme weather processes to assist in assessing the impact of the flood event.
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CFO Christoph Jurecka said losses for 2023 were in line with its expectations, but he added that the events producing the losses differed from those of years previous.
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France “lead the tally by a significant margin”, followed by the UK, Belgium and the Netherlands, Perils said.
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The TWIA board has fired the starting gun on the process to place its reinsurance programme incepting June 2024.
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Anticipations of a tug-of-war around a ‘flat to slightly up’ pricing renewal have indeed come to fruition.
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Next year will see North Atlantic hurricane activity about 30% above the 1991-2020 30-year norm, according to Tropical Storm Risk.
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The year brought a degree of closure on the loss-hit years of 2017-2021, while the outlook remains changeable for ILS managers.
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Slade was previously president at Markel’s ILS fund manager Lodgepine Capital.
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The executives will look to bring the company’s full suite of products to clients.
