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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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The claims and services provider has now launched the process it postponed last year.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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VUW.ai rebranded from Vi Digital last March.
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The French credit insurer has Apollo lined up as its managing agent.
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Non-proportional business accounted for 34% of its total.
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The renewables market has seen perils such as hail deliver repeated claims.
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A roundup of all the news you need, including Coface’s upcoming syndicate launch.
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Michael O’Neill has been promoted to onshore power and renewables underwriting manager.
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Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
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The figure does not include specie or auto losses.
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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.