The Lloyd’s legacy business has been placed up for sale, along with other units....
Florida Peninsula and Edison drop pricing by 4% on Palm Re bond
The bond offers named storm coverage in Florida. Florida Peninsula Insurance (FPI) and Edison Insurance (Edison) have dropped the pricing...
The bond offers named storm coverage in Florida. Florida Peninsula Insurance (FPI) and Edison Insurance (Edison) have dropped the pricing...
Article / 15 days ago
Pricing drops 9% on SureChoice and Elevate Gateway Re deal
The carriers are seeking $130mn of Class C named storm coverage....
The carriers are seeking $130mn of Class C named storm coverage....
Article / 22 days ago
Florida Citizens to target fresh $1bn-$1.5bn cat bond
The state carrier is moving to redeem its 2022 Everglades issuance a year early....
The state carrier is moving to redeem its 2022 Everglades issuance a year early....
Article / 1 month ago
Florida reinsurance demand to rise as take-out success continues
Sources are expecting multi-billion new limit to be placed. Florida reinsurance buyers are expected to bring significant new demand at the 1 June renewal on the back...
Sources are expecting multi-billion new limit to be placed. Florida reinsurance buyers are expected to bring significant new demand at the 1 June renewal on the back...
Article / 1 month ago
Cape Lookout Re targets $250mn of North Carolina wind coverage
The state pool is seeking indemnity, annual aggregate cover. The North Carolina Insurance Underwriting Association is seeking $250mn of...
The state pool is seeking indemnity, annual aggregate cover. The North Carolina Insurance Underwriting Association is seeking $250mn of...
Article / 2 months ago
NFIP targets $350mn FloodSmart Re coverage
The guide pricing offers similar multiples to last year's issuance....
The guide pricing offers similar multiples to last year's issuance....
Article / 2 months ago
Florida SBA commits to 1% ILS allocation; considers increased cat bond exposure
The Florida State Board of Administration (SBA) has agreed to increase the ILS allocation of its Florida Retirement System pension fund to 1% and is considering...
The Florida State Board of Administration (SBA) has agreed to increase the ILS allocation of its Florida Retirement System pension fund to 1% and is considering...
Article / 6 months ago
Idalia has strengthened ILS narratives around remote-risk appeal
Hurricane Idalia delivered a soft landing for ILS markets last week, touching down as a strong Category 3 storm, then weakening and staying on track as predicted...
Hurricane Idalia delivered a soft landing for ILS markets last week, touching down as a strong Category 3 storm, then weakening and staying on track as predicted...
Article / 8 months ago
NHC adds Idalia tropical storm warnings for Georgia and South Carolina
The National Hurricane Center (NHC) has implemented storm surge warnings for Altamaha Sound, Georgia, northward to South Santee River, South...
The National Hurricane Center (NHC) has implemented storm surge warnings for Altamaha Sound, Georgia, northward to South Santee River, South...
Article / 8 months ago
Citizens takeouts growing, reaching 91,000 policies so far this year
The Florida Office of Insurance Regulation (OIR) has approved takeout for 91,000 policies and has an additional 184,000 policies requested for the October...
The Florida Office of Insurance Regulation (OIR) has approved takeout for 91,000 policies and has an additional 184,000 policies requested for the October...
Article / 9 months ago