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This came after analysts said reinsurers could face further cat losses as a result of the case, although XoL claims are likely to be disputed.
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Citizens projected it would cede $94mn in storm losses to reinsurers but has cut this to $62mn.
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The court’s decision was the final step in a protracted legal battle stretching back to May last year.
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The start-up adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The year was marked by record North Atlantic storms, which put the loss tally more than 40% ahead of mild 2019 experience.
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The consultancy said losses were expected to keep mounting following Q4 disclosures.
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Losses were relatively evenly divided between the two events.
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The insurer said its reserving was still adequate after the court supported its overall approach, but said biosecurity exclusions were not sufficient to decline claims.
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The regulator says that the insurance sector had remained resilient this year but faced ongoing threats.
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Occurrence retro rates are among the segments where rate pressure is abating, although the outlook remains somewhat opaque in a late renewal.
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Carriers have raised $19bn so far this year, with another $3bn in the pipeline, the broker says.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.