Several Floridian insurers are looking to lower their reliance on the state-backed reinsurance fund in 2018, bringing a small amount of new demand into the market.
Pricing for both tranches of MS&AD Insurance Group's Akibare Re 2018-1 typhoon cat bond has fallen below the initial guidance, as the insurer seeks to expand the deal to $300mn-$320mn.
Milliman has hired industry veteran John Rollins to lead its property and casualty team in its new Tampa office, which was up in response to growing demand for property insurance analytics, the company said today.
