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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations. -
The executive joins from RenaissanceRe.
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Chief risk officer Shannon Lucas will move to COO as part of the shakeup.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.
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The executive said inflation isn’t completely gone but is now “more understood”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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The insurer reached highs of over 1.4 million policies in September 2023.
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Exposure for California’s Fair plan has jumped, as insurers drop policyholders.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The company sees itself in a “very strong position” in the state.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The London-based executive will relocate to Daytona Beach, Florida.
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
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Critics claim the dispute system denies consumers' key legal rights.
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The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.
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The insurer booked a $950mn policyholder credit expense in September.
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Founder Chad King will transition to chairman but continue leading M&A efforts.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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New home sales could be impacted by a prolonged stalemate.
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She previously served as Hub’s North American casualty practice leader.
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With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.
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Sources said they expect the carrier’s listing to raise about $100mn.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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Sources said that the carrier’s listing is expected to raise around ~$100mn.
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The company is estimating its IPO price at $18-$20 per share.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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A report by the ratings agency challenges current industry wisdom.
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Models anticipate a busier second half, particularly in the next few weeks.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The company generated $71.4mn in revenue for H1 2025.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The PE-backed MGA has Morgan Stanley, Bank of America and JPMorgan advising.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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Lawmakers are seeking input on risk evaluation, limits and other concerns.
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The insurer said it expects to begin writing business by the end of the month.
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The company plans to launch in New York and New Jersey next year.
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Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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Rates continue to fall across the state but are firmer in the southeast region.
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The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
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California posted a 47% jump YoY, from a 28.4% rise in June.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The Miami-based executive assumes the role left vacant by April McLaughlin.
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This follows last month’s takeout of 12,000 Citizens policies.
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The broker posted a 6.5% drop in organic growth YoY.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
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The Insurance Insider US news team runs you through the earnings results for the day.
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At least 14 new companies have opened up shop in the state in recent years.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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The segment is also seeing double-digit loss cost inflation.
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The Floridian has been approved to potentially assume 81,000 policies total.
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Category 4 and 5 storms could become more common and hit further north.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The weather-modelling agency is predicting a below-normal season.
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Florida recorded premium growth in June after declines in May and April.
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The program’s total limit this year is down $594mn to $1.36bn.
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There are now 14 new companies writing homeowners’ policies in the state.
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The insurer intends to take on up to 81,040 policies this year.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
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The Florida homeowners’ InsurTech went public today at $17 per share.
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Slide will also expand its footprint to New York and New Jersey towards the end of the year.
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The carrier is pricing shares at the upper end of the range announced this month.
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Florida regulators have also approved takeouts for Mangrove and Slide.
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This is up from last year’s $1bn protection for its Florida treaty.
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An active hurricane season threatens to weigh on hard-fought capital and underwriting margins.
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The suit, filed in Florida federal court, is Uber’s second Rico case.
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The Floridian is the third insurance company to go public in 2025.
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Estimates on what a cat five in downtown Miami could cost vary, but it would be painful for reinsurers.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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This publication revealed back in February that Itel was being prepared for a sale.
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HCI secured three towers with $3.5bn in XoL coverage.
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The program includes all perils coverage and subsequent event protection.
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The $2.59bn renewal is up 45% from last year.
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A week ago, this publication revealed that Slide was pressing ahead with its IPO plans with an S-1 filing.
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The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The collective CoR of 45 Floridians hit 93.1% in 2024
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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