-
The $2.59bn renewal is up 45% from last year. -
Up to nine million acres of US land are considered likely to burn.
-
The outgoing CEO said the market had been restored as a leader during his tenure.
-
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.
-
Frustration is growing around a promised independent operating model and staff reward.
-
Lee Mooney will replace Neil Galjaard, subject to regulatory approval.
-
The Floridian also secured $352mn of multi-year coverage extending to 2027.
-
The company also has $100 million for US hurricane events.
-
Last week, TSR updated its forecast and is now predicting above-average storm activity.
-
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
-
Plus, the latest people moves and all the top news of the week.
-
Most of the losses are attributable to a supercell storm in Texas.
