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The NFIP will bear the brunt of losses from Hurricane Barry, according to industry analysts.
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Market quoted 30% rate on line to cover new PG&E officers.
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Tropical storm warning now in place for stretch of Gulf coast west of New Orleans.
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The series of storms caused economic losses of $2bn, figures from Aon show.
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Southern California was rocked by two earthquakes last weekend and while the (re)insurance industry’s exposure to the events is expected to be minimal, they again served as a reminder of what’s at stake should the so-called “big one” that scientists are expecting actually occur.
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The manager invested more than $100mn less in the April fundraise for Swiss Re’s sidecar than last year.
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Casualty rides coat tails of advances in US primary lines, while cat shows uneven improvement. -
The UK flood reinsurance scheme wants to set the levy every three years to better meet its financial needs.
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Assurant is targeting less volatile earnings after amending its reinsurance programme.
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Specialty property carrier Palomar Holdings’ excess of loss reinsurance programme will remain unscathed by losses from the recent earthquakes.
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State Farm and Farmers Insurance have the largest aggregate market share in the state across personal lines, auto and commercial insurance.
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The reinsurer cites regional geopolitical headwinds as a reason for the infusion.
