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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night. -
Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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Integrity Re 2024-D and Lightning Re 2023-1A are two bonds that were marked down, although no trading has occurred.
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Hurricane Milton’s overall impact, based on the current pre-landfall scenario, could lead to “moderate losses” for Plenum’s funds.
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Collateralised reinsurance and retro are in the firing line.
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Restrengthening to Category 5 is still possible, Siffert warns.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15 ft for Tampa Bay.
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A hurricane warning has been issued for the east coast of Florida.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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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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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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