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This year’s coverage will involve $2.94bn of new risk transfer. -
There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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There is the potential for cat bond H1 issuance to be a record breaking six months.
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The bond will cover named storms in the state of Florida.
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The Class A section of the bond has doubled in size, at lower pricing.
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The CEO expects to see a larger shift between condos and apartments in 2026 and 2027.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
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UCITS fund diversification targets limit their capacity for US wind bonds.
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Several Florida start-ups are poised to begin writing business this year.
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Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
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Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders.
