Lines of business

The increases follow full recoveries on previous bonds after Ida losses.

The state-backed carrier hopes to fill out more of the gaps in the coming days.

Southern Fidelity had earlier messaged agents that it would cease writing new business and renewals.

The reinsurer has put the first layer through its captive, a move that reflects the lack of reinsurance capacity for this high-risk business.

The contractors’ association argued the law would prevent contractors who hold AoBs from recovering their attorneys’ fees if they prevail in a lawsuit against an insurance company.

Insurers are still fighting to survive as reinsurance costs rise and availability dries up.

The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.

The storms tracked 1,000 km through densely populated regions of Quebec and Ontario.

The specialty P&C carrier is offering high single-digit rates for the cover.

The bills passed the House and Senate floors this week.

Overall, the CIAB Q1 survey recorded rates were up 6.6% in Q1.

The ILS fund said the funding would support the company’s growth prospects.