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The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
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March tolls second-highest monthly count since Senate Bill 76 took effect last July.
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Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist.
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Mango was a respected industry leader and played a key role in elevating the company’s culture of rigorous risk management.
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The Florida governor said action was needed to prevent more carriers from failing.
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The consolidation plan, subject to regulatory approval, seeks to create a more efficient operating structure for United going forward.
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The Senator is seeking to use a statute to activate a special session on property insurance.
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March brought a flurry of people moves in the ILS market.
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A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.
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The week’s storms included hailstorms in Florida on 4 April.
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The Swiss rail fund made a 2.4% loss within its ILS portfolio.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”