American Coastal’s Ian loss may develop favourably: CFO
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

American Coastal’s Ian loss may develop favourably: CFO

Farhin Lilywala, 
Fiona Robertson
03 March 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Hurricane Ian satellite 27 sep 22 noaa 13.34.jpg

United Insurance Holdings (UIHC) CFO Brad Martz said the firm hoped its commercial lines insurer American Coastal would be able to release Hurricane Ian loss reserves in future, after a major deterioration in losses in Q4.

The increase in gross Ian losses to $1.54bn from a preliminary estimate of $1bn across both American Coastal and personal lines insurer UPC rendered the latter carrier insolvent.

Martz

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsClaims and losses
farhin lilywala/farhin lilywala ii ils.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article