While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss experience in the sector to-date this can still drive property catastrophe reinsurance rates higher at the January … Read more
Aon has announced a key change in its insurance-linked securities (ILS) and investment banking business leadership, as Richard Pennay has been named the new CEO of Aon Securities and Paul Schultz moves to become Global Vice Chair of Reinsurance at the company.Paul Schultz has led the Aon Securities operation for 20 years, in which time … Read more
The latest and first ever ‘megaquake’ warning issued by authorities in Japan has heightened the notion of the peril’s danger and regardless that the warning was finally lifted, it’s seen as an element that may very well be supportive of reinsurance pricing for that nation, by analysts at J.P. Morgan.Japanese earthquakes are one of many … Read more
