American Coastal
-
The figure compares with around $50mn in pre-tax cat losses in Q3 2019 from Hurricane Dorian and other events. -
The insurer reported favorable reserve development and ceded $30mn of minor weather losses to reinsurers.
-
The insurer benefited from both lower loss and expense ratios.
-
The moves follow last month’s announcement that R Daniel Peed would become CEO following John Forney’s departure.
