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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025. -
Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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The company said it now expects the transaction to close in H2 2025.
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Competition for specialty reinsurance talent remains high.
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Insurers and distributors must adapt or risk irrelevance.
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The unfunded commitment related to the investment was $24.4mn in 2024.
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John Howard was appointed as an independent, non-executive member.
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The executive joined the Bancolombia-owned insurer as CEO in early 2020.
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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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Industry veteran Tonya Courtney will lead the company’s newest E&S business.
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The big brokers are lining up London capacity to write follow lines on US risks.
