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Fidelis and MS Reinsurance are among the ceding companies that have support from Ajit Jain’s unit.
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As reinsurers have walked away from certain risks in Florida, the state will need to keep some parts of its insurance infrastructure healthy – but without making the public markets too attractive.
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The broker is looking to solve the severe capacity crunch for its clients as rising demand meets falling supply.
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Other firms such as Lexington, QBE and Zurich ranked among the top 20 underwriters in the six counties with highest exposure to Ian.
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RMS pushed the guidance for the Carolinas component of the Ian loss $120mn higher at the mean level up to $1.94bn, as it updated figures on Saturday in private figures to clients.
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Plus a changing of the guard at Marsh McLennan and all the top news of the week.
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The storm, currently 285 miles south of Charleston, is expected to make landfall as a hurricane on Friday.
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As it became clearer that the Fort Myers area was facing 150 mph winds, sources started to talk about loss estimates with a $30bn floor.
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The storm has sped up considerably over the past six hours.
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The deal follows a decision to withdraw from some direct Irish business.
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Research by sister title Inside P&C shows the top three homeowners carrier exposures by county for forecast highest impact areas.
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The dangerous storm is now projected to make landfall between Sarasota and Port Charlotte, Florida.