AM Best has attached a positive outlook to its rating of Florida-based US homeowners insurer American Strategic Insurance Corp (ASI), citing the influence of its majority owner Progressive.
Modelling firm Karen Clark & Company has predicted that wind damage from Hurricane Harvey, which is currently barrelling towards the Texas coast, could cost the industry $2.7bn.
Axis has increased its final offer for Novae by 2.1 percent to 715 pence per share in a move that values the listed Lloyd’s insurer at approximately £477.6mn ($611.5mn).
