Florida
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As with 2024, pricing pressure has been most acute on top layers. -
The revision is significantly lower than the $4.5bn October estimate.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
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The executive will oversee Howden Re’s treaty and fac business in Miami.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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This year’s coverage will involve $2.94bn of new risk transfer.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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The homeowners’ carrier has secured Floir approval.
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The industry loss number has increased threefold from an initial $5bn pick.
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20 May 2025