-
The pandemic financial crisis led to the M&A deal being dropped.
-
The approaching three-year statute of limitations on Irma claims could prompt another spike in AOB issues, warned FedNat.
-
The losses include those of the parent company as well as Monarch National Insurance Company.
-
The carrier said it has already secured two-thirds of the private reinsurance limit it will place this year.
-
Demand for the transaction, which doubled in size during marketing, demonstrates a renewed appetite for Florida risk this year on the cat bond market.
-
Kevin O’Donnell said that several domestic insurers in Florida are now close to exhausting their 2017 treaties.
-
The ratings agency noted that numerous insurers in the state are highly dependent on reinsurance, putting them in a tight spot.
-
Two bills are making their way through Florida’s state legislature, seeking to rein in legal fee payouts linked to insurance litigation, as insurers struggle to control high loss-adjustment expenses.
-
The topsy-turvy nature of the past few years for the ILS market is apparent when you look at our half-yearly surveys of assets under management.
-
Some reductions in demand might follow as policies change hands, but this will not be a key influence on renewal dynamics.
-
The ratings agency lifts the financial strength rating outlook for the carrier and a subsidiary to stable.
-
Further retro price increases at 1 January may not have yet produced much impact on the underlying reinsurance markets, but the true test will come at 1 June.