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North Carolina insurance regulators said that 11,457 claims have been filed with the National Flood Insurance Program (NFIP). -
The Category 4 storm could leave up to $12bn in insured losses, analysts said.
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Tropical Storm Gordon made landfall on Tuesday pounding states along the US Gulf Coast with wind, rain and surge waves.
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The broker is launching the platform in New York to connect holders of long-tail insurance risk with capital market investors, sister publication The Insurance Insider has reported.
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It affirmed the carrier’s A financial strength rating.
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The Alleghany subsidiary has acquired rights to an $800mn portfolio from the company.
