-
The multipliers on the A and B notes reflect the lack of losses from Hurricane Ian to FloodSmart Re bonds. -
The attempt to increase the supply of insurance in the state has been submitted for governor approval.
-
Reports said at least 641 people have died and thousands are injured, with damage to 1,500 buildings.
-
The ratings agency said the weakening of the group’s performance in the first part of the year continued into the third quarter.
-
Lawmakers are taking action to attract more property insurers into the state.
-
Following rate increases at 1 January, projected fund returns for 2023 are up several points year on year, with a boost also from higher Treasury rates.
-
The CFO of parent company Markel has said it aims to lean into property cat through Nephila.
-
The company increased its attachment point on the $200mn aggregate cover to $750mn, up from $700mn.
-
Pure cat bond funds outperformed the sub-group which includes private ILS for the year.
-
Early evidence is leading the (re)insurance market to hope the storm can avoid the development curve of its 2017 predecessor Hurricane Irma.
