Heritage

Heritage FOTs price up 15-20% on risk-adjusted basis

Heritage Insurance has put out firm order terms (FOTs) with risk-adjusted prices up on average in the range of 15-20 percent across its whole programme as it also looks to buy additional vertical limit in Florida, The Insurer can reveal.

Florida insurer shares trade down after analysts cut earnings forecasts

KBW analysts have lowered their estimates for first quarter and full year earnings of Heritage Insurance and UPC Insurance after the two Floridan insurers revealed the impact of hail and other cat losses in the first quarter.

Heritage latest Floridian to reveal hail losses, expects $15mn Q1 cat loss

Floridian insurer Heritage Insurance Holdings expects $10.2mn of net losses from the Brevard County hail storm at the end of March

Heritage goes back to 90% FHCF participation

Florida-based carrier Heritage has elected to increase its cat fund participation from 45 percent to the maximum level of 90 percent in a move it says could slash $3bn of private reinsurance demand if the rest of the market follows suit.