High-net-worth specialist Pure is looking to place a new whole-account quota share at 1 June as it consolidates existing covers and adds exposures it previously kept net, The Insurance Insider can reveal.
The claim on the Frenchman’s Reef beach resort in the US Virgin Islands (USVI) has now gone above $300mn as business interruption (BI) losses and escalating rebuild costs push the burden for insurers higher, The Insurance Insider has learned.
