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The Floridian carrier must improve its financial strength rating ahead of its 1 July reinsurance renewal. -
Shanna Lespere joined the BMA in 2004 and has held various roles at the authority including COO for the past seven years.
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The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.
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The regulatory body also underlined the need to manage risks and uncertainties relating to the war.
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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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The issuance is Vantage Risk’s second in the cat bond market.
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The downgrade was attributed to weather claims from Louisiana and Texas following the company’s expansion into those markets.
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The Florida governor said action was needed to prevent more carriers from failing.
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The strength of the relationship between the government, the regulator and the industry is key to the island’s position.
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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 committee is the most senior management team at the Bermuda company, responsible for governance and strategy of the firm.
