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The Floridian insurer has $80mn in surplus, with retention sitting at less than 10%. -
In an interview with this publication, Lara said "everything’s on the table" for future reforms.
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Previously, Thomas Long was an AVP for construction at Arch.
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Axa XL Re has hired former Swiss Re executive Greg Schiffer as its North America CEO, effective from 11 November.
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The company said $13bn-$22bn will come from wind damage.
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Organic growth fell by 1 point quarter on quarter and was down by 5 points from Q3 2023.
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Hurricane Helene was blamed for $92mn of those losses.
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A bill in Congress would expand a similar pilot tried earlier in New York City.
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HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
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Most of the insured loss was attributable to wind.
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The carrier has appointed AIG’s Sharon Primerano as vice president and US inland marine manager.
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The estimate includes private cover for residential, commercial and industrial property.
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