Markets
Grandisson Retires; Papadopoulo Is Now Arch Capital CEO
Nicolas Papadopoulo has been named chief executive officer of Arch Capital Group Ltd., succeeding Marc Grandisson, who has decided to retire from the company, Arch announced. Papadopoulo, who has ...
Moody’s: Insured Losses for Helene and Milton $35B-Plus But Estimates Cloudy
Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion, according to Moody's RMS Event Response, which said the ...
Milton’s Surprise Was the Damage Unleashed by Powerful Winds
Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton's devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and ...
Homeowners Insurers Argue for a 42% Average Rate Hike in North Carolina
With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began last Monday on the insurance industry's request to raise homeowner premium ...
Catastrophe Bonds Dodge Worst-Case Scenario After Milton
After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as the Wednesday before landfall. Estimates that ...
Repeat of 1/1/2023 Reinsurance Hikes Unlikely As Reinsurers Take Milton Hit
Reinsurers will have some meaningful losses from Hurricane Milton but a replay of the shocking price hikes cedents experienced during Jan. 1, 2023 renewals isn't likely to repeat for 2025, Fitch ...
Small Track Changes Drive $70B+ Swing in Milton Insured Loss Estimates
Insured losses from Hurricane Milton could sit anywhere within a $70-plus-billion range extending from $9 billion to $85 billion, experts from CoreLogic said yesterday afternoon, at least nine hours ...
Experts Predict Impacts of $20-$25B+ Milton Hit to Insurers, Reinsurers
A wide cone of uncertainty surrounds insurance experts' pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 ...