Heritage
-
The Floridian said it had not needed to use the new Reinsurance to Assist Policyholders scheme that was created via new legislation. -
CFO Kirk Lusk also disclosed that the 74% of the company's TIV is now outside of Florida, up from 69% as of Q1 2021.
-
The Floridian insurer said the write-down reflected prevailing valuation multiples.
-
The Inside P&C research team looks forward to the big issues of the new year.
-
As part of the deal, Heritage will transfer ownership of carrier Pawtucket and MGA First Access, as well as claims and underwriting data.
-
Storm losses were down 30% to $13mn, but the prior-year result had benefitted from a one-off gain.
-
Net cat losses were down, but other weather losses rose by 56% to $35.5mn.
-
Despite four major storms striking the US, Heritage sees Q3 cat losses decline by 35%.
-
Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
-
The Florida insurer’s CEO said he was “cautiously optimistic” that legal reforms would benefit insurers struggling with rising loss inflation.
-
The Florida insurer’s combined ratio rose to an unprofitable 105.2% on higher weather losses and an increase in ceded premium.
-
Heritage expects to incur $24.5mn of net current accident quarter catastrophe losses and $11mn of net current accident quarter other weather losses in Q2 2021.
Related
-
Q4 earnings roundup March 11: Heritage
March 11, 2025 -
Heritage expects $35mn-$40mn in Q1 losses from LA wildfires
January 30, 2025