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The FTC granted early termination of the waiting period, leaving the acquisition on track to finish in early 2026.
The floods have killed at least 81 people, with dozens more missing.
The CD&R and Stone Point-backed wholesaler said that further international deals may follow.
But June was the busiest month of the year on the back of recent broker churn.
At the year’s mid-point, there were 111 new SCAs filed in federal courts.
The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
Florida recorded premium growth in June after declines in May and April.
Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
The take-private deal was announced in July 2024.
The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
The transition will be implemented starting October 15.
The broader legislation narrowly passed the Senate and now heads to the House.
Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
The program’s total limit this year is down $594mn to $1.36bn.
The broker noted a “significant variation” in renewal outcomes.
The restructuring affected less than 5% of its workforce, according to the company.
Understanding people’s strengths was seen as key to mitigating workplace challenges.
The ruling comes as insurers face growing legal pressures following the January blazes.
The broker built out Lockton Re’s US casualty and professional lines treaty book.
Sources said BMO was retained earlier this year to advise on the strategic process.
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
Competitor news
Competitor news
Competitor news
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The January wildfires did little to hamper their appetite, apart from California. -
The unit will include both ocean and inland marine coverage.
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From our other titles
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From our other titles
From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Swiss Re Corporate Solutions
From Insurance Insider
Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.