Interviews
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The event will be a combination of all three perils – wind, storm surge and precipitation-induced flooding – says meteorologist Jeff Waters.
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The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.
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Cowbell Specialty will augment the InsurTech’s existing panel of 15 reinsurance partners, without replacing any of the current programs.
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The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.
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Westfield will take on 2021 and 2022 as part of the agreement, but it is not yet clear if 2020 will be included in a legacy deal Argo struck this year for 2018 and 2019 in the run-up to sale.
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Ned Rand said that while the ruling opens up exposure for physicians and hospital operators, he anticipates more criminal exposure than medmal exposure.
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The executive also said that his MGA firm has the growth trajectory to become the biggest in the world.
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The carrier's president said in some areas of the market, (re)insurers are dropping pricing too soon.
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If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.
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The executive discussed InsurTech challenges, his priorities for Branch, fundraising, and his concerns about the capital markets.
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Rate increases are now universal in the property cat markets, the Gallagher Re executive said.
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In an interview, Hiscox USA CEO Kerridge said the firm’s digital retail business in the US has over 600,000 policies-in-force.