-
Senate Bill 2A addresses key concerns in the Florida property market, including one-way attorney fees and assignment of benefits, the ratings agency said. -
Tristan Abend has been with the Axa XL Reinsurance team for 10 years.
-
The move comes amid a general cutback from reinsurers’ in their cat risk appetite.
-
The update is a slight increase to November’s 114bn yen estimate.
-
Scott Stephenson, former chairman, president and CEO of Verisk, will join CyberCube’s board after participating in the funding round.
-
The announcement comes on the helm of both houses of the Florida legislature passing the proposed overhaul of the state's property insurance market.
-
Tension is emerging at the reinsurance level over the retrenchment from all-perils coverage, which previously offered ‘sleep-easy protection’.
-
The legislature met for a special session this week, discussing key concerns in the state's property insurance market.
-
RenRe, Fontana’s owner, said earlier this year that it was considering getting a rating for the casualty and specialty sidecar.
-
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.
