-
The deal is expected to result in $700mn in combined GWP in Florida upon completion. -
The company plans to launch in New York and New Jersey next year.
-
American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
-
The Florida carrier said ceded premiums will rise slightly to $106mn in Q3.
-
At least 14 new companies have opened up shop in the state in recent years.
-
Category 4 and 5 storms could become more common and hit further north.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
The weather-modelling agency is predicting a below-normal season.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
-
PCS's loss estimate for the March Missouri SCS pushed the bond beyond its exhaustion point.
-
Buyers have turned to retro markets for covers where ILW pricing is less attractive.
-
Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.
-
The pension plan noted in June 2024 that it was exploring new options in ILS.
-
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
-
HCI secured three towers with $3.5bn in XoL coverage.
-
The $2.59bn renewal is up 45% from last year.
-
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
Property cat XoL rates were off by around 10% on average on a blended risk-adjusted basis.
-
Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
-
The firm is pressing ahead with IPO plans just ahead of the start of the Atlantic storm season.
-
The ILS market has won market share at the top of programmes as buying expands.
-
The bond will provide protection for Allstate’s Florida subsidiary, Castle Key.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
As with 2024, pricing pressure has been most acute on top layers.
-
Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
-
Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
-
The revision is significantly lower than the $4.5bn October estimate.
-
Some $200mn of fresh limit entered the ILS market as $3.4bn of deals priced.
-
The bond provides coverage on personal-lines property in Florida.
-
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
-
The total cost for the program increased 1.8% from last year’s.
-
The carrier’s estimated first event limit could increase 16%, to $1.35bn.
-
California homeowners are also expected to move admitted business to E&S.
