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The proposals include increasing either statutory or CRTF funds. -
The program includes all perils coverage and third-event protection.
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The Sussex Capital ILS platform managed $440mn at its 2019 peak.
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The syndicate has appointed former Munich Re active underwriter Stuart Newcombe.
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This adds to $380mn of Gateway Re limit placed this year.
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Florida Citizens' Everglades Re bond priced up by 6% across three tranches.
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The second part of the PoleStar Re issuance takes the bond's total volume to $300mn.
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Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
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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.
