Re/insurers
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away. -
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The market grew at a rate of 32% annually from 2017 to 2022.
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A signal around Q4 adverse development has brought the carrier into the spotlight.
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The carrier reported total cat losses of $48.9mn during Q1-Q3 2024, versus $20.2mn in 2023.
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The firm will provide an update on November 22 to avoid holiday season.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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Worrisome trends in the line may be warning signs of worse to come.
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The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses.
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Grandisson's sudden retirement could mean a complicated future for Arch.
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Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
Related
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Hurricane Milton: The story so far in five charts
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Cyber claims exceeding EUR1mn up 14% in H1 2024: Allianz Commercial
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