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According to the latest reports, around 110,000 customers have been left without power in Florida as Nicole makes its way across the state. -
Floridians had a hard quarter, but they are fighting to regain stability after Ian.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive added that the company's expected retention from a second event is estimated at $31.8mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company is confident it has sufficient additional reinsurance capacity should claims begin to develop outside of initial expectations.
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The Floridian's net loss ratio jumped nearly 18 points to 97.6%, driven by a $40mn retention from Ian and slightly lower net earned premium than the prior-year quarter.
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Inside P&C’s news team runs you through the key highlights of the week.
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The Canadian holding company increased its ownership in the Bermudian carrier to 82.9% from 70.9%.
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Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive added that while the Florida market has seen benefits from recent legislation, the major issue remaining is one-way attorney fees.
