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The storm is packing maximum sustained winds of 175mph.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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Parts of the Yucatan peninsula are under a hurricane warning, though the storm is expected to remain offshore.
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Experts have raised concerns over significant rainfall, record-setting storm surge and lingering Hurricane Helene debris.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.
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Richard Pennay will become CEO of Aon Securities.
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The Risk International team will remain in its current location, under Jennifer Gallagher.
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Rising sea levels and ocean warming were likely factors in Helene’s strength.
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The figure does not include NFIP losses.
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Most of the estimated insured losses will be retained by insurers.