ILS

The loss tally is considerably lower than estimates issued by model vendors.

The company increased its full year 2024 adjusted net income guidance.

The proposals include increasing either statutory or CRTF funds.

Citizens also secured $1.1bn of limit for its Everglades Re cat bond.

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

The Bermudian firm said it expects the acquisition could drive more growth than the prior forecast of $2.7bn incremental premium.

In 2021, SiriusPoint acquired a “significant ownership stake” in the firm, which meant the specialty insurer and reinsurer providing multi-year capacity and paper to the ILS house.

A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s news team runs you through the key highlights of the week.

The company’s targeted Vescor cat bond would have provided collateral to meet auto and other obligations, but there were multiple structural points of risk for investors.

Inside P&C’s morning summary of the key stories to get you up to speed fast.