Insurers
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation. -
Newsom has yet to sign a pending bill to create a public cat model.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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Deals would need to be sized at $50mn plus for transfer to capital markets.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
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The tech firm is building a joint stock company with insurers and investors.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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Syndicate 1440 was approved to assume business incepting January 2026.
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The data modeling firm said losses previously averaged $132bn annually.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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The group claims the White House is undermining disaster preparedness.
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Property MGA Arden Insurance Services specialises in multi-family habitations.
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The company plans to launch in New York and New Jersey next year.
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The estimate covers property and vehicle claims.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The company also purchased $15mn of SCS parametric coverage.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The figure updates an April estimate of EUR696mn.
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At least 14 new companies have opened up shop in the state in recent years.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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State legislation has led to major strides in rate adequacy.
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Category 4 and 5 storms could become more common and hit further north.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The measure could have landed insurers with extra tax on US business.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
