Florida
-
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.
-
The executive will oversee Howden Re’s treaty and fac business in Miami.
-
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
Most Recent
-
Over 85% of market signs up to Blueprint Two exit plan
15 August 2025 -
Marsh Specialty UK placement head Mills exits for Willis
14 August 2025 -
Axis takes Enstar’s Kirk for CFO as Vogt steps down
14 August 2025