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Forecaster AccuWeather said the storm, which has claimed more than 100 lives, has caused damage and economic loss of up to $160 billion

Hurricane confirmed as one of the worst in US history

Insurer and reinsurer has celebrated its milestone 10th anniversary

Transaction is expected to close on or about October 11

The company said Accredited’s global executive team continues to be strengthened with his appointment

The company and its Liechtenstein-based subsidiary ceased underwriting new business in July 2020

Mark Flanagan will lead the Property and Casualty, Bermuda division, at Axa XL

The new office intends to tap into the growing US and international appetite for access to Bermuda’s wholesale market

Accuweather believes Helene could strengthen to a Category 4 hurricane before making landfall

The island’s life insurance industry holds more than $1 trillion in assets