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The vehicle’s size is $5mn up on last year.
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The industry association says insurers have received more than 81,000 claims so far.
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Insurers will pay less for risks ceded to the scheme from 1 January.
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The state-backed flood insurance scheme re-opens for new business after Fema called a halt on 26 December.
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The insider fills a space vacated by Cliff Hope, who is moving to Lexington.
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The National Flood Insurance Program had been set to expire on 21 December.
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The property underwriter joins former Argo colleague Neil Chapman at the firm.
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Natural catastrophes are estimated to account for $71bn of the total.
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Industry loss estimates are expected to increase as carriers come to terms with their actual exposure to this year’s record-breaking wildfire season.
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The platform will be led by Mike Kerner, formerly of Everest Re.
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In loss affected areas of the US, rates are projected to increase in the low single digits.
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Insurers of all sizes have been hit with claims from the record breaking Camp and Woolsey wildfires.
