During the interview we discuss:
A storm with similar characteristics to Hurricane Andrew would cost insurers in the region of $70bn if it were to occur today, according to Karen Clark.
Newly-installed Argo CEO Tom Bradley said Tuesday that his company has been pleased by the opportunities presented by its ongoing strategic review that include its just-announced loss portfolio transfer (LPT).
Argo grew underwriting income in its core US operations to $28mn - up from $25mn last year - but its underwriting gain overall fell to $17mn from $21mn in the second quarter, mostly as a result of an $8mn reserve charge in its international operations.
A lack of collaboration between the (re)insurance sector and the academic world is slowing progress in the development of catastrophe modelling tools, according to University of Arizona professor Xubin Zeng.
The marine cargo market must come up with a “standardised and predictable” approach when writing war covers and issuing notices of cancellation (NOCs) in both ongoing and new conflicts, Ascot Group’s head of marine cargo Chris McGill has said.
Ascot’s new marine cargo facility providing all-risks coverage for food and grain exports from Ukraine demonstrates how Lloyd’s syndicates are “stepping up” to deliver innovative solutions to global issues, the carrier’s head of cargo Chris McGill has said.