Underwriters in America's surplus lines market saw direct written premium (DWP) grow by a lacklustre 2.8 percent to $42.4bn last year, according to a new study from rating agency AM Best.
Floridian homeowners specialists Safepoint and Weston are set to pick up almost 23,500 policies from Citizens as part of the residual insurer’s depopulation drive.
Maiden has failed to find significant common ground with its former chief operating officer Bentzion Turin, who accused the company of fraud over a key $260mn transaction in 2009.
Early indications point to Hurricane Harvey being more a flood loss than a wind loss, and more of a primary insurance event than one to keep reinsurers awake at night.
Fosun has solidified its presence in the North American and international run-off market with by launching SunPoint led by former Enstar US chief Karl Wall.
