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Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders. -
CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
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The storm is likely to be one of the costliest weather events in Canadian history.
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AuM remains generally flat at UCITS funds over the weeks since LA fires started.
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The executive has also worked for Guy Carpenter during her 20-year career.
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FY24 disclosures show shifting fortunes at reinsurer ILS platforms.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
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But cat bonds are experiencing negative secondary market price movement.
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Bolding will focus on aligning Gallagher Securities with Gallagher Re.
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The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
