-
This price hike contributed to a premium increase of $695mn in the month, bringing the year-to-date impact of 2022 rate increases to $3.6bn. -
The European cat market is hardening faster than expected but the process is being delayed by ongoing negotiations over retro protection and varying lists of reinsurer demands to improve terms.
-
On Tuesday, the bill passed in the State Senate 27-13, and today's passage in the House represented an 84-33 party line split.
-
The firm has folded its former Nimbus weather strategy into the new vehicle.
-
Florida has been seeking legislative reform amid a breakdown of the functionality of its insurance market.
-
The bill under discussion tackles key concerns like eliminating one-way attorney fees and getting rid of the state’s controversial assignment of benefits right.
-
The carrier has become the latest in a string of reinsurers unwilling to write retro at 1 January.
-
As Trading Risk welcomed ILS market leaders to its Monte Carlo roundtable, there were already headwinds challenging the asset class even before the late September landfall of Hurricane Ian in Florida.
-
The broker has pegged the global reinsurance supply demand imbalance at $20bn-$30bn.
-
The upcoming special session, which will take place from December 12 to 16, will need to consider how to make Florida attractive to national insurers and reinsurers.
-
A FLOIR arrangement will help Floridians secure homeowners cover during hurricane season.
-
The flooding affected the states of New South Wales, Victoria and Tasmania.
