-
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires. -
The firm ceded $417mn of premiums to the sidecar in 2024.
-
UCITS fund diversification targets limit their capacity for US wind bonds.
-
Pricing fell by 13.5% on a weighted average basis across deals that updated last week.
-
Several Florida start-ups are poised to begin writing business this year.
-
Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.
-
The investors are led by PE firm NMS Capital Group.
-
Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.
-
Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
-
Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
-
A higher loss quantum will put a greater burden on retro programmes.
-
The estimate is net of its per-occurrence reinsurance program and gross of tax.
Most Recent
