Commercial Lines

The tropical storm could bring flash and urban flooding in Florida, Georgia, the Carolinas and Virginia.

Elsa was reclassified as a tropical storm from a Category One hurricane on Saturday.

ILS managers said that large volumes of new issuances could carry on through the rest of the year.

Jessie Ruppe joins from Arch to oversee casualty ceded reinsurance, while two internal promotions will be responsible for financial lines and property cessions.

The state’s insurance commissioner accuses the carrier of breaking state laws for non-renewal of policies in wake of Hurricane Delta claims.

It will cover home, motor and commercial property portfolios across Australia and New Zealand.

The RMS V21 model update for North Atlantic hurricane incorporated data from recent major loss years but overall annual average losses have only risen up to 10% across the US.

The broker said a buoyant ILS market contributed to the reinsurance market nearing a new equilibrium at the end of mid-year renewals.

The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.

Oliver Denbigh had been at Aon since 2012, most recently as a senior broker on its non-marine specialty team.

James Johns will join the firm from Willis after some years at Talbot, while Josh O’Donoghue was at Aon.

May and June people moves included several former Aon retro executives taking on new roles at challenger broker Lockton Re, longtime Credit Suisse executive Marcel Grandi moving to an advisory role at Twelve Capital, and several underwriting moves in Bermuda.