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Over 1.2 million properties fell within Milton’s ‘potentially highly damaging’ winds

Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.

Abbie Day, 11 October 2024
Milton could cause losses between $20bn-$50bn: Twelve Capital

Losses to the NFIP-sponsored cat bonds remains a key area of uncertainty, the investment manager reported.

Abbie Day, 11 October 2024
The ILS market is prepared to absorb a $40bn Hurricane Milton loss

A $40bn Milton loss should barely dent many ILS returns but will trap some capital.

Liz Bury, 11 October 2024
Moody’s RMS stochastic model puts Milton mean wind loss at $11.8bn

On Wednesday, the model had suggested a mean figure at $25.3bn.

Kyoung-son Song, 11 October 2024
Milton unlikely to affect carriers’ credit ratings: Fitch

The hurricane is likely to prevent rate reductions in property cat in 2025.

Rachel Dalton, 11 October 2024
Early Hurricane Milton estimates coalesce around $40bn-$50bn

The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.

Rachel Dalton, 10 October 2024
Hurricane Milton: The story so far in five charts

Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.

Ben Wylie, 10 October 2024
Romeo to join Acrisure Re Bermuda from Aon

Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.

Liz Bury, 10 October 2024
Milton could cause sub-5% loss to cat bond market: Icosa Investments

This is based on insured loss estimates of between $20bn and $60bn.

Abbie Day, 10 October 2024
Moody’s RMS stochastic model puts Milton mean wind loss at $25.3bn

The pre-landfall figures are not an official loss estimate from the modeller.

Samuel Casey, 10 October 2024

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