The global hedge fund industry had a strong first-quarter to 2024, adding significant assets under manage...
Allstate to write in California when it can price for cat models & reinsurance costs
US insurer Allstate has said that it will resume underwriting policies in California once new regulation has been enacted that allows it to price...
US insurer Allstate has said that it will resume underwriting policies in California once new regulation has been enacted that allows it to price...
Article / 7 days ago
Florida property insurers near break-even. Data suggests improvement to continue
Data suggests that Florida domestic market property insurance companies will experience improving performance, as the effects of recent legislative...
Data suggests that Florida domestic market property insurance companies will experience improving performance, as the effects of recent legislative...
Article / 23 days ago
Florida Citizens: Capital markets "especially" positive for $5.5bn reinsurance renewal
Florida’s property insurer of last resort, Citizens Property Insurance Corporation, has said that its sees market conditions as especially positive in the...
Florida’s property insurer of last resort, Citizens Property Insurance Corporation, has said that its sees market conditions as especially positive in the...
Article / 25 days ago
Florida Citizens "will always be able to pay claims" - CEO Cerio
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation "is not solvent", the CEO of the insurer
Article / 1 month ago
Jamaica targets four hurricane season catastrophe bond renewal: Finance Minister
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Article / 2 months ago
Florida: Reforms encourage carriers, drive property insurance market improvement
The legislative reforms aimed at improving the property insurance market in Florida are increasingly seen as having a positive effect, with carriers...
The legislative reforms aimed at improving the property insurance market in Florida are increasingly seen as having a positive effect, with carriers...
Article / 2 months ago
Florida: Legislators pitch hurricane risk pool, Citizens CEO questions reinsurance availability
At a meeting of the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation cautioned
At a meeting of the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation cautioned
Article / 3 months ago
Florida Citizens expects depopulation to accelerate in 2024: CEO
Presenting to the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation...
Presenting to the Florida House Insurance and Banking Subcommittee yesterday, Tim Cerio, the CEO of Citizens Property Insurance Corporation...
Article / 3 months ago
Brazil's “Letra de Risco de Seguro” ILS securitization rules pass key hurdle
Brazil's regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk and are effectively insurance-linked securities...
Brazil's regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk and are effectively insurance-linked securities...
Article / 3 months ago
Bermuda's BMA aims to better facilitate parametric climate-related re/insurance
The Bermuda Monetary Authority (BMA) has laid out its plans for 2024, with Chief Executive Officer (CEO) Craig Swan highlighting specific opportunities in...
The Bermuda Monetary Authority (BMA) has laid out its plans for 2024, with Chief Executive Officer (CEO) Craig Swan highlighting specific opportunities in...
Article / 3 months ago