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CIAB 2024: Hurricane Milton’s conference takeover
Hurricane Milton rudely stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
Research
Interest in these vehicles has increased recently, but market softening could throw a curve ball at growth.
A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
While Republicans are typically perceived as best for business, there are several factors at play.
Increased antitrust activity and the NFIP’s dissolution would present new challenges for the industry.
Latest news
A quick roundup of today’s need-to-know news, including the latest Hurricane Milton updates and startup MGA Pivix.
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
Moody’s also predicts losses to the NFIP at potentially more than $2bn.
At the conference, industry pros identified issues in modeling systemic risks due to a lack of historical data.
More News
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NHC extends storm surge southward to Port Canaveral
October 08, 2024 -
Milton track shifting northward towards Tampa: NHC update
October 08, 2024 -
Milton intensifies but set for Cat 3 landfall
October 08, 2024 -
Hurricane Milton maximum wind speeds reach 180 mph: NHC
October 07, 2024 -
Hurricane Milton strengthens to Category 5: NHC
October 07, 2024
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Price Forbes Re hires Cole as SVP
October 07, 2024 -
NFIP’s future seen as ‘clouded’: AM Best
October 07, 2024 -
Axis names Flitman London head of ceded re
October 07, 2024
Opinion
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Consolidation in fronting is a deeply flawed idea
Adam McNestrie -
The Florida capital raising environment is not in the clear yet
Farhin Lilywala
Hurricane Milton: The Big One?
Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
Most Read
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Hurricane Milton: The Big One?
October 08, 2024 -
TPLF reforms are at the ‘end of the beginning’: APCIA panel
October 07, 2024
Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
Casualty will likely fuel some of the E&S growth, the executive said.
Pockets in the business are still experiencing significant stress, she added.
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