American Coastal’s Ian loss may develop favourably: CFO
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

American Coastal’s Ian loss may develop favourably: CFO

Farhin Lilywala, 
Fiona Robertson
03 March 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Hurricane Ian satellite 27 sep 22 noaa 13.34.jpg

United Insurance Holdings (UIHC) CFO Brad Martz said the firm hoped its commercial lines insurer American Coastal would be able to release Hurricane Ian loss reserves in future, after a major deterioration in losses in Q4.

The increase in gross Ian losses to $1.54bn from a preliminary estimate of $1bn across both American Coastal and personal lines insurer UPC rendered the latter carrier insolvent.

Martz

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsLosses
farhin lilywala 2024 ii ils 2.png
Farhin Lilywala
Associate Editor, Insurance Insider US
Contact
fiona robertson 2024 ii ils 2.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article