Insurers
-
The revision is significantly lower than the $4.5bn October estimate. -
Tropical Cyclone Alfred and Queensland flooding brought thousands of claims.
-
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
-
California homeowners are also expected to move admitted business to E&S.
-
The insurer has not decided whether to sell its Eaton subrogation rights.
-
AIG, HDI Global and others have settled, while Chubb’s fight continues.
-
Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
-
The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
-
The initial offering will include 6,875,000 shares of common stock.
-
Renewal rates were favorable compared to what could have happened after several hurricanes.
-
The carrier increased its cession by around 13% year over year.
-
The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
