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The outlook flags “large uncertainties” amid possible El Niño through summer 2026. -
The policy includes a $200mn limit with an additional $100mn for side A coverage.
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MGAs going public is now a viable option, but dominating a market comes first.
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The highest portion of losses was experienced in Alberta.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The MGA said payments to affected customers began shortly after the event.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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