Thorsten Schier

Managing Editor, Insurance Insider ILS

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Thor Schier started his B2B reporting career in commodities at a sister publication of Insurance Insider before falling into the wonderful world of insurance. He now writes about D&O among other lines of business and tries to keep up with many others as he manages the US editorial team.

Published by this author:

HCI ups 2023-2024 reinsurance program by $210mn to $2.4bn limit

The carrier is obligated to use the RAP program and upped its ceded premiums.

Thorsten Schier, 31 May 2023
State Farm halts new non-auto business in California on costs, cats, reinsurance

The company wrote the most California homeowners multi-peril insurance, at $2.56bn, and fire lines and home multi-peril insurance, at $2.66bn, in 2022, according to AM Best data.

Thorsten Schier, 30 May 2023
Heritage places 2023-24 cat XoL program for $420.5mn

First event reinsurance tower exhaustion points are $1.3bn for the Northeast, $1.1bn in the Southeast and $870mn in Hawaii.

Thorsten Schier, 18 May 2023
HCI Group ceded premiums up 33% to $70.5mn in Q1

HCI is modelling a decrease in claim frequency of about 15%-20% and in litigation frequency of about 3% owing to Florida legal reforms.

Thorsten Schier, 10 May 2023
Berkshire’s portfolio ‘heavily exposed to property catastrophe’ after 1.4: Jain

Given better pricing following a disappointing January 1, the company increased its exposure significantly.

Thorsten Schier, 09 May 2023
MGU SageSure secures $50mn credit facility

The facility will support quota share capacity with Anchor Re on behalf of SageSure carrier partners.

Thorsten Schier, 29 March 2023