-
The ‘life threatening’ hurricane has potential for “historic heavy rainfall” in the southeastern United States. -
The deal announced in its Q2 results came as the carrier agreed a take-private deal.
-
The firm said the move would let it build a multi-vehicle capital management platform.
-
Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
-
Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
-
Top layer competition is an added pressure on ILS firms, but the impact can be overstated.
-
The program includes all perils coverage and third-event protection.
-
The Sussex Capital ILS platform managed $440mn at its 2019 peak.
-
The company plans to reduce its quota share to 20% from 40%.
-
The carrier has completed its 2024-25 reinsurance renewal.
-
The coverage will be indemnity, annual aggregate for Florida named storm.
-
The firm, one of three major reinsurance fronts, said it would manage run-off in an orderly way.
