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Catastrophe losses in Q1 exceeded $50bn, the second highest on record. -
With fee income less understood, a primary acquisition or merger could reset the narrative.
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HCI secured three towers with $3.5bn in XoL coverage.
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The program includes all perils coverage and subsequent event protection.
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The $2.59bn renewal is up 45% from last year.
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Up to nine million acres of US land are considered likely to burn.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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Most of the losses are attributable to a supercell storm in Texas.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Starr and Axon also are among those on the Marsh USA-placed $40mn line.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
