BMS
-
Restrengthening to Category 5 is still possible, Siffert warns.
-
Insured losses could be less than $1bn if current NHC forecasts are accurate.
-
He is succeeded by interim co-CEOs Andrew Wheeler and Russ McGuire.
-
Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
-
The state of Texas in particular has experienced an unusual amount of severe weather.
-
-
High tornado activity at the end of the quarter is expected to add to the claims toll.
-
Former retro broker Erik Manning is leading the initiative having joined BMS Re in January.
-
In the more extreme of two scenarios, Ian could mimic 1921’s Tarpon Springs hurricane at a cost in the double-digit billions, BMS said.
-
The storm is currently moving over the Dominican Republic and headed for Bermuda.
-
The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
-
BMS’s Andrew Siffert said losses from US winter-related storms and thunderstorms are likely to arrive at a below-average figure for Q1.
Most Recent
-
Capital Group and KKR design public-private funds with ILS element
12 November 2024 -
KCC’s latest flood model receives Florida commission’s certification
12 November 2024 -
Florida NFIP claims from Debby, Helene and Milton top 72,000
12 November 2024 -
Hannover Re has ceded EUR390mn of large losses to retro partners
11 November 2024