A measure that would overhaul assignment of benefits (AOB) legislation was passed on Friday by the Florida House of Representatives by a vote of 82-20.
The PCS tabulation of industry insured losses from the October fires that spread across California has reached $10.4bn, which has developed from an initial figure of $7.3bn, sources said.
PartnerRe has named Greg Haft as deputy CEO for specialty lines. He will work with company CEO Emmanuel Clarke, who has assumed direct responsibility for the segment.
Brit's launch of Sussex Re was not influenced by the timing of last year's losses but was set up to build on its existing sidecar business, Brit CFO Mark Allan told Trading Risk.
