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The latest forecast from the insurer of last resort envisages 1.55 million policies by the end of 2023.
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The portfolio covers distressed Florida, Louisiana and US nationwide deals.
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The ratings agency continues to review other Florida carriers’ positions following the 1.6 renewal.
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The vehicle was supported by a group of institutional investors.
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At the end of 2021, Centauri Specialty had 26,000 policies in force and $79mn of total written premiums.
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The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.
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The deadline for Lighthouse Excalibur policy cancellations has been extended to 30 June.
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The cover changed from cascading aggregate to an occurrence-based structure.
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The US P&C carrier is putting more premium through its captive.
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Despite capital infusions into the firm, the Florida insurer was unable to stave off receivership.
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The carrier’s below-FHCF layer is 29% unplaced.
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Benefits of legislative reform will take ‘several quarters’ to emerge: CaseGlide.