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Other similar types of platform in the Bermudian (re)insurer’s portfolio have also grown.
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The blaze more than doubled in size over the weekend amid strong winds and dry conditions.
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Chance Warmack’s loss-of-value policy was triggered by his low Philadelphia contract.
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The Florida insurer’s losses from the September hurricane hit $600mn.
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The Florida-based carrier’s shares rose over 14 percent in early New York trading today.
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Former CEO Rick Welsh has left the company as it prepares for a rebrand.
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The noise around London’s expense base in particular has got louder in light of a Lloyd’s crackdown on syndicate profitability.
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Half the top 20 reinsurers have increased their natural catastrophe exposure in 2018 compared to last year, according to S&P Global Ratings.
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The deaths come amid a Europe-wide forest fire crisis, with authorities in Portugal, Spain, Italy, Croatia and Sweden all battling flames.
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Reserve strengthening at early reporters suggests there is more pain to come for (re)insurers.
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Lava damage is excluded from treaties by hours clauses
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A likely driver of increased demand for insurance is climate change and more economic losses simply provides more need for insurance protection.
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