Reinsurers
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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It is understood that Bezerra will remain based in Miami for his new position.
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Sources said that Nacional would only consider a bid north of $150mn.
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Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
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The estimate includes private cover for residential, commercial and industrial property.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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