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The effort will draw from California’s research and higher education communities. -
The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.
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The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The Bermuda regulator is consulting on a refresh of its rules that will be in force as of 1 January 2025.
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Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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The ‘life threatening’ hurricane has potential for “historic heavy rainfall” in the southeastern United States.
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The deal announced in its Q2 results came as the carrier agreed a take-private deal.
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The firm said the move would let it build a multi-vehicle capital management platform.
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Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
