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The GWP total marked an 18% year-over-year increase from $145bn in 2022. -
Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The ruling only applies to a Florida retirement community.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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CFO Lusk said the company is about 99.2% closed on claims from the 2017 storm.
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The ‘life threatening’ hurricane has potential for “historic heavy rainfall” in the southeastern United States.
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Comparatively, in November 2023, the regulator had consented to 202,399 policies to be taken from Citizens.
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The CEO noted that the tort reforms have not led to rate pressure yet.
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Moore will oversee Aon Bermuda’s commercial risk solutions broking operations, leading a team of 85 executives.
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Markel executive Alan Rodrigues will lead the unit.
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Both admitted and non-admitted markets grew by more than 42% last year.
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The backing represents a rare move from a collateralized reinsurer to take on risk in the legacy space.
