Florida
-
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn. -
HCI secured three towers with $3.5bn in XoL coverage.
-
The $2.59bn renewal is up 45% from last year.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
-
A 20% increase in FHCF retention levels sent cedants to the private market.
-
The agency forecasts up to five major hurricanes and 19 named storms.
-
As with 2024, pricing pressure has been most acute on top layers.
-
The revision is significantly lower than the $4.5bn October estimate.
-
Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
-
The carrier’s estimated first event limit could increase 16%, to $1.35bn.
-
The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
Most Recent
-
RenRe appoints Riley as global casualty head
09 June 2025 -
Daily Digest: Top news from 9 June
09 June 2025 -
Claims is at a crossroads for AI implementation
09 June 2025