Insurance industry news from FloodFlash, Assurex Global, Grange Insurance and more. (Photo: Shutterstock)
FloodFlash announced a new capacity agreement with Munich Re Syndicate. This announcement extends an existing carrier partnership that began with support of FloodFlash's U.K. book of business in 2020. It comes in a period where natural catastrophe (re)insurance capacity is particularly distressed, nowhere moreso than in the U.S. Munich Re estimate losses from the Atlantic storm season to be more around $110 billion, including $65 billion of insured losses, with Hurricane Ian as the main contributor.
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