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Laura Sanicola
Published by this author:
AM Best rates Transverse A-
The start-up fronting and risk sharing carrier was given a preliminary A- rating in March.
Laura Sanicola
,
29 August 2019
FedNat dips to underwriting loss on hail claims
The Florida insurer took $17mn of weather-related losses.
Laura Sanicola
,
07 August 2019
HCI strengthens reserves in Q2 as combined ratio ticks up
The insurer’s Q2 earnings of $0.81 per share slightly missed analyst expectations.
Laura Sanicola
,
07 August 2019
Heritage’s Lucas: AOB reform will not stop fraud in Florida
Heritage’s CEO Bruce Lucas said he has seen worsening claims abuse in the state despite the legislative reform.
Laura Sanicola
,
05 August 2019
Hudson Structured announces leadership changes
The Bermudian alternative asset manager has named Validus' Jeff Sangster as partner, CFO and head of strategy.
Laura Sanicola
,
02 August 2019
Universal says FHCF to take bulk of Irma loss creep
The insurer has “several hundred million” of private reinsurance limit remaining.
Fiona Robertson
,
02 August 2019
Cat losses hit Heritage Q2 results
Profit at the carrier fell from $2.4mn to $0.7mn year on year.
Emmanuel Kenning
,
02 August 2019
DaVinci took half of $700mn intakes at RenRe
The withdrawal of Catco created retro opportunities for the reinsurer, according to the CEO.
Emmanuel Kenning
,
25 July 2019
UPC hit by $15mn of 2018 loss creep
The insurer expects to report $16mn in net catastrophe losses for the second quarter.
Emmanuel Kenning
,
19 July 2019
Q2 cat losses not expected to hit reinsurance programme, says FedNat
The carrier reported it will absorb $17mn in gross catastrophe losses from Q2.
Laura Sanicola
,
18 July 2019
Donaghy to replace Downes as CEO at Universal
Sean Downes will remain with the business as executive chairman.
Laura Sanicola
,
12 July 2019
Farmers’ cat programme renews with 25% price hike
The personal line carrier’s Camp Fire loss estimate is believed to have fallen from $1.8bn to $1.75bn.
Adam McNestrie
,
11 July 2019
ILS capital shrank 4% in Q1: Aon
Research by the broker shows the ILS industry contracted by $4bn in the first quarter to $93bn, with $15bn of capital still trapped.
Emmanuel Kenning
,
10 July 2019
Insurers risk over-estimating benefit of AOB reform in short term, says AM Best
The ratings agency says the legislation is a step in the right direction but flags there could be loopholes in the new law.
Laura Sanicola
,
02 July 2019
FedNat grows reinsurance programme by $50mn
The insurer expanded its property catastrophe excess of loss (XoL) reinsurance programme ahead of its imminent acquisition of 1347 Property Insurance Holdings (PIH).
Laura Sanicola
,
02 July 2019
PG&E agrees $1bn Cali settlement
The Californian utility company reached the agreement with 18 public entities after a series of wildfires between 2015 and 2018.
Christopher Munro
,
24 June 2019
Citizens board sets 2.3% multiperil rate cap following AOB reforms
The capped increase compares with an 8.5 percent rise envisaged before the measures to curb assignment of benefits abuse.
Laura Sanicola
,
19 June 2019
Citizens cuts rate demand by nearly half after AOB reform
The Florida-based insurer is looking to drop the rate increase for personal lines policyholders from 8.2 percent to 4.7 percent.
Laura Sanicola
,
19 June 2019
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