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Freddie Scarratt, of Gallagher Re, says there are still many unknowns — such as how to underwrite associated risk

AM Best also gives the Bermudian-based subsidiary a good long-term issuer credit rating

Mervyn Skeet needed in the room to ensure Bermuda was properly represented

Executive Andy Marcell says many insurers had raised their attachment points

By some estimates, the market could rapidly represent billions in new premium a year

The company’s third quarter result was 13 per cent higher than the same period last year

The move came about after the previous 7.5 million authorisation made in June 2024 was exhausted

Global data analytics and technology provider Verisk says most of the modelled loss was attributable to wind

Net premium and underwriting income were down, while net investment income was up

The promotions come as the firm completes the deployment of $1.5 billion in investor capital