Reinsurers
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Estimates on what a cat five in downtown Miami could cost vary, but it would be painful for reinsurers. -
Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The executive will be responsible for leading E&S primary and excess casualty.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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The program includes all perils coverage and subsequent event protection.
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The executive was previously president of insurance programs.
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Insurance outperformance slows as markets recover from tariff shock.
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Up to nine million acres of US land are considered likely to burn.
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The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
