A category 3 hurricane has formed in the Gulf of Mexico. Dubbed “Maribelle,” it's forecasted to inflict significant damage on the Texas coast, particularly the Houston area. Its impacts are 36 hours away.
Bill is looking to be operationally fit. When claims occur, he will need to look to recover losses through a ceded reinsurance operational solution.
Bill highlights the reinsurance recovery and cost against estimated ultimate loss.
Bill reviews protections and reports to his reinsurance and finance teams to manage the cash flow.
Bill is liaising with the claims teams to understand claim payments being made to ensure timely recoveries against the reinsurance programme.
Bill utilises catastrophe loss data to establish whether he has any valid claims on any loss warranty protections.