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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover. -
More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
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It is understood that Bezerra will remain based in Miami for his new position.
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The binding authority facility targets smaller commercial property and general liability E&S risks.
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Howard, who led the brokerage through its recent transition to private ownership, will take a vice chair role.
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DeSett will develop Hub’s commercial lines strategy and drive organic growth.
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Capacity conversations centered around comp, trucking and cat, while new names emerged in collateralized re.
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Overall, insurance rates fell by 1%, led by competition in property.
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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The policies assumed represent $200mn of in-force premium.
