-
The UK-based insurer’s Florida Re secured state regulatory approval in June. -
Both the primary and reinsurance segments benefitted from a light cat year.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
The governor has yet to sign a pending bill to create a public cat model.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
IAG completed its takeover of RACQ last month.
