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The Hestia Re bond covers named storms in Florida and was targeting $150mn-$200mn. -
She will remain based in Bermuda as head of risk capital strategy.
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InsurTech Buckle has expanded its offer across Maryland and Nevada.
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The insurance investment fund’s Brandon Baron will join Layr’s board of directors.
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As part of the deal, ICEYE will provide Fermat with near real-time flood data for large-scale events.
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This is the InsurTech’s first sally into the cat bond market.
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HCI is waiting for the right moment to maximize its chances in Florida.
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Losses and loss adjusted expenses at the Florida-based firm rose to $63mn from $40mn in Q4 2020.
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The company’s convertible notes now have $24mn outstanding.
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Brian Kirwan, Douglas Min and Omar Ali have been appointed as general managers of Europe, Korea and the UAE, respectively.
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Homeowners’ InsurTech Kin plans to expand staff, add products and move into new states with the new backing.
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The move reflects the firm’s growing interest in risks beyond nat cat.
