-
Southern Fidelity said until it could be sure of reinsurance capacity it could not bind cover, as renewals have been delayed. -
Some cedants remain far behind in a stressed renewal, but others are on the path to completion in a reshaped Florida market.
-
The firm has developed a capability to hedge commodity price risk and was originally backed by Ascot Underwriting.
-
The proposed Florida special session Senate bills 2-D and 4-D have overwhelmingly passed the house floor and will now move to Florida Governor Ron DeSantis for signing.
-
The firm aims to build on the origination capability of Fleming Re and Accelerant.
-
State representatives will vote on the bill on the House floor tomorrow.
-
Proposed RAP coverage layer adds protection and exposures for insurers.
-
A BDA report found that more than 30% of Bermudian carriers have integrated ESG into underwriting.
-
State senators will vote on the bill on the Senate floor tomorrow.
-
Industry association FAIR said a full reinsurance backstop should be provided.
-
The multiple is significantly up on the 4.8x achieved last time on a higher expected loss.
-
Major ILS providers active in Florida including Nephila and Aeolus lifted assumed premiums.
