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Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows. -
Minors has experience working on insurance and reinsurance matters
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The former Everest executive will look to roll out a range of new product lines at the MGA.
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The carrier reported 1 April price increases of 3.2%.
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Citizens also secured $1.1bn of limit for its Everglades Re cat bond.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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Spreads on all tranches of notes settled above the initially guided range.
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CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
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P&C re and CorSo reported improved net profits and combined ratios for the quarter.
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The capital will be allocated to a pure cat bond strategy, sources have confirmed.
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The ratings agency warns that wildfire is an increasingly risky and unpredictable peril.
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The management’s buyback acquisition brings an end to the two-year relationship.
