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Property cat XoL rates were off by around 10% on average on a blended risk-adjusted basis. -
Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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The firm is pressing ahead with IPO plans just ahead of the start of the Atlantic storm season.
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The ILS market has won market share at the top of programmes as buying expands.
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The bond will provide protection for Allstate’s Florida subsidiary, Castle Key.
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The agency forecasts up to five major hurricanes and 19 named storms.
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As with 2024, pricing pressure has been most acute on top layers.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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The revision is significantly lower than the $4.5bn October estimate.
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Some $200mn of fresh limit entered the ILS market as $3.4bn of deals priced.
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The bond provides coverage on personal-lines property in Florida.
