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The UK-based insurer’s Florida Re secured state regulatory approval in June. -
An insurability crisis could pose systemic risks that undermine the foundations of finance.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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The loss would be one of the largest ever for mining underwriters.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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The hedge fund had significant investment aims for the London market.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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Plus, the latest people moves and all the top news of the week.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
