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Collateralised capacity will retain an important role in the retro niche.
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Hurricanes Isaias and Laura produced the bulk of losses for the insurer, which is drawing down on an aggregate cover.
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The carrier's Ada Re vehicle will join its Turing Re sidecar, but its capacity is not known.
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July rains and typhoons Maysak and Haishen severely damaged Kyushu region, the body said.
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The Pensacola Bay Bridge was recently rebuilt in a $430mn investment project.
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Financial Services Director General John Berrigan wants to establish a new working group which will report back with proposals in the first quarter.
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Major reinsurance carriers like Munich Re, Hannover Re and MS Amlin are significant providers to some of the state's regional carriers, analysis suggests.
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The storm is expected to move across southeastern Alabama before hitting central Georgia on Thursday.
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The CEOs of Aon Reinsurance Solutions, Willis Re and TigerRisk predict limited rate gains, but up to $10bn of incoming capital.
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Life-threatening storm surge is already occurring along the coastline from Alabama to the Florida Panhandle, including Pensacola Bay and southern portions of Mobile Bay.
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Severe convective storms account for almost 60% of insured losses, the company said.