January 22, 2025
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The company’s policy count has been declining rapidly in recent months. -
The parties now have 60 days to file a stipulation to dismiss the action.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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The commissioner said more work needs to be done, but big companies are interested in coming back.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
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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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