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Windstorm Nadia/Malik was one of several to strike the region this winter. -
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The Florida Senate passed Senate bill SB 1728 last Thursday, but it seems to have stalled in the state’s House of Representatives.
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It noted that its aviation and marine books are covered by retro although its exposure is “not very material”.
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The claims count on day 18 of the flooding stands at 118,016.
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The reinsurer exceeded its large-loss budget by $166mn.
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The new chief joined XL Catlin in 2017 and previously worked for Swiss Re and CV Starr.
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Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.
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The company’s reinsurance assets rose 7.3% from December 2020 to December 2021.
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The ICA said insurers had received 96,844 claims to date.
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The company hired Ambac’s Scott Snyder as president of fronted programs.
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Pool Re offers protection against terrorism in England.
