-
Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May. -
As with 2024, pricing pressure has been most acute on top layers.
-
The Altamont-backed broker has been building out its team since launching in 2023.
-
Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
-
The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
-
Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
-
The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
-
Growing economic and population exposures are driving potentially larger insured losses.
-
This year’s ceremony will include the inaugural Women in ILS Award presentation.
-
SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
-
Insured losses were the second highest on record for the first quarter.
-
Sykes has spent over 31 years with Aon, with the last 15 of those in Guernsey.
