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The Class A section of the bond has doubled in size, at lower pricing. -
The CEO expects to see a larger shift between condos and apartments in 2026 and 2027.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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The NCIUA had initially sought $350mn of limit.
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DaVinci equity plus debt stood at $3.25bn as of 31 December.
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State Farm General has asked California regulators for an emergency rate increase.
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There was a slight increase in DaVinci and Fontana from 31 December 2024 to 1 January 2025.
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Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
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The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
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The carrier expects the market loss to land at $35bn-40bn.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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The firm ceded $417mn of premiums to the sidecar in 2024.
