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“We do not have the luxury of time,” he said during the Bermuda Risk Summit. -
Both carriers have extensive reinsurance coverage.
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Tom Fealey has assumed lead portfolio manager responsibilities.
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The executive worked in investment banking before joining the reinsurance industry.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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This came as the market’s underwriting profit dipped 10% for 2024.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Almost 300,000 people have been left without power from the storm.
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This loss number covers the property line of business.
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There is the potential for cat bond H1 issuance to be a record breaking six months.
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The scope of QRT’s new ILS strategy will include cat bonds and private ILS.
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As of 14 February, the company received 405 claims.
