-
The storm’s likely quantum is still highly contested, but all scenarios are challenging for Florida homeowners and cat treaty writers. -
The state’s property carriers are closely watching the progress of Hurricane Ian.
-
A landfall at Category 3 or 4 along the west coast of Florida later this week would be one of the more damaging scenarios for Ian.
-
The National Hurricane Center forecasts ‘considerable flooding’ in Florida later this week.
-
This would become an event of default under the company's outstanding $100mn senior unsecured notes due 2029 and $21mn convertible notes due 2026 if not discharged within 60 days.
-
The executive joins from Getsafe and has experience at Zego.
-
Many storm losses would be the result of flood, which is not covered by the standard homeowners’ policy.
-
Florida specialists have continued to cede more premium to reinsurers, topping $7bn in 2021.
-
The casualty ILS platform is building out its team following a Series B fundraise.
-
Earlier loss reports suggested the total costs would be much lower – Perils’ first report estimated losses at A$3.99bn, while its second pegged losses at A$4.89bn.
-
The reinsurer’s executives forecast further price increases and improvements in conditions across the board for 1.1 treaty renewals.
-
The Scor CEO likened reinsurance market conditions to those seen in large commercial primary lines post-HIM.
