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The new product adds to its existing portfolio of upstream energy and marine and energy liability business. -
HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
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The carrier will only continue to offer lead capacity to some existing accounts.
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MIC Global will become Lloyd’s coverholder of Greenlight Re’s Syndicate 3456 for 2025
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Elaine Casaprima will serve as CEO of the combined entity.
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The Lloyd’s spread vehicle failed to meet fundraising deadlines.
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Most of the insured loss was attributable to wind.
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The above-average tally was driven by a high frequency of mid-sized events.
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The carrier highlighted Italian and French hail events in recent years.
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A roundup of all the news you need today, including Solasta Innovation’s decision to scrap plans to launch in 2025.
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Sweeney was most recently VP at Vantage Risk, as part of a team responsible for the US financial lines business.
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He will be responsible for originating European acquisitions as part of the MGA’s global expansion plans.
