ILS
-
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26. -
The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
-
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.
