Hurricane

The carrier said cost increases were "reasonable" as it bought more multi-year cover.

The Covid-19 pandemic has caused greater turbulence in the Florida reinsurance market than Hurricane Irma, and two big questions will remain after the dust has settled.

After Bertha’s landfall, the firm also noted that 2020 has joined 2010 and 2016 as an early year for named storm activity.

The FHCF opted to “sit this renewal out”, according to sources.

The second named storm of the year is to make landfall at around midday local time.

The US government agency said it expects between three and six major hurricanes in the Atlantic Basin this season.

The cat bond is set to pay up to 125bps more than last year’s Alamo Re deal, which has a near-identical risk profile.

Colorado State University released updated predictions that this year’s season would be stronger than average.

NOAA said there is a 75 percent chance of near- or below-normal tropical cyclone activity this year.

Scientists said there is a 69 percent chance a Cat 3 or stronger storm will make US landfall this season.

Some argue that what appears to be a stepping back by Japanese investors may just be a pause as investors switch managers.

Capitol Preferred cancelling over 23,000 policies could drive customers to state-backed insurer Citizens.