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In tandem, its long-term issuer credit rating was revised to “a+” (excellent) from “aa-” (superior). -
Tower Hill Insurance Exchange has completed its 2023 Florida reinsurance program, which offers nearly $2bn for catastrophe cover, including all perils.
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Forecasts for “near-normal” activity may mean the chance at a reprieve for the Florida market, but a history of underestimates warrants caution.
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The company wrote the most California homeowners multi-peril insurance, at $2.56bn, and fire lines and home multi-peril insurance, at $2.66bn, in 2022, according to AM Best data.
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Recently released statutory data shows the US P&C industry loss ratio touching the 65% mark, the highest level in two decades.
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Village Protection is expected to be operational on or before January 2024.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier's global reinsurance panel is led by Arch Re and encompasses 43 other reinsurers, including multiple Lloyd’s syndicates.
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The loss for the month was 60% comprising losses from two wind and hail events.
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In connection with the transaction, Amwins and Flexpoint will each appoint a representative to the SageSure board of managers.
