The second earthquake to strike Mexico within two weeks is the deadliest in 30 years and AIR Worldwide believes insured losses will not exceed $2.06bn.
The US and EU finally signed the covered agreement on September 22, more than nine months after it was originally agreed upon.
The underwriting firm has received approval to set up a Lloyd’s syndicate with third party managing agent Asta.
The market’s franchise board has permitted SPA 6126 to become a fully-fledged syndicate.
Liberty Specialty Markets has made four promotions shortly after Matthew Moore replaced Nick Metcalf as president and managing director.
Allstate is facing a pre-tax catastrophe loss of more than $500m in the aftermath of Hurricane Harvey.
A group of 20 companies from around the globe have indicated political risk is rising at a faster pace in the US than in the Middle East.
Manfred Knof will depart by the end of the year and is set to be replaced by Klaus-Peter Roehler.
Claims from Hurricane Maria and the second Mexican earthquake could exceed the firm's loss budget.