Reinsurance News
Centauri Specialty Insurance Company
Centauri / Lilypad sponsor $30m Koi Re private cat bond for US named storms
4th June 2025
US insurers Centauri Insurance and Lilypad Insurance have sponsored a $30 million Koi Re private catastrophe bond, designed to provide indemnity-based reinsurance protection against named storms in the US. Its successful issuance marks a significant step in leveraging capital markets to strengthen both companies’ risk management strategies. The Koi Re transaction provides ... Read the full article
Lilypad Insurance acquires Centauri Specialty Insurance & Centauri National Insurance
17th October 2024
Lilypad Insurance Holdings has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, effective September 30th, 2024, following the receipt of all necessary regulatory approvals. The strategic acquisition aims to strengthen Lilypad Insurance Holdings’ footprint in the coastal property insurance market and leverage Centauri’s extensive industry experience. Established ... Read the full article
Centauri Insurance announces partnership with Betterview
20th July 2023
Centauri Insurance, a provider of property and casualty insurance products, has partnered with insurtech company Betterview, for proactive storm risk management. According to the announcement, this collaboration will increase efficiency and oversight in new business underwriting and renewal workflows, while empowering a proactive approach to storm risk management. Centauri provides its P&C ... Read the full article
Centauri reports Ian losses ran less than halfway up its reinsurance tower
24th October 2022
Jamie Sahara, President of Applied Underwriters, speaking on behalf of its sister company, Centauri, has suggested that the firm continues to stand strong following Hurricane Ian, having run less than halfway up its catastrophe reinsurance tower. Sahara cited the firm's prudent reinsurance approach, as well as staff dedication as a show ... Read the full article
Centauri carriers’ A rating affirmed as Demotech announces revisions
4th August 2022
The Centauri insurance companies, which operate in Hawaii and along many of the coastal states in the U.S., have had their 'A' (Exceptional) rating affirmed by Demotech, a move it says reflects disciplined underwriting and its robust reinsurance program. The anticipated changes to ratings of property insurers with a Florida focus ... Read the full article
Alpha Centauri and subsidiaries affirm commitment to Gulf Coast
24th June 2022
Applied Underwriters and its Centauri subsidiaries have affirmed a commitment to underwriting in the Gulf Coast markets, despite recent developments in the sector. The firm said its Centauri Specialty Insurance and Centauri National Insurance offshoots were still writing new business after ending 2021 with good results, entering 2022 with its 'A' ... Read the full article
Floridian P&C insurers seek higher rates and sustainable profits
24th January 2022
Concerns over sustainable underwriting profits has seen three domestic property insurers in Florida file for a state-wide average rate change, highlighting that the market for homeowners and commercial property insurance is still under pressure in the state. The carriers believe that significant additional rate is required to make it an economic ... Read the full article
Avatar to acquire Centauri’s coastal underwriting units
16th January 2020
Avatar Partners LP, the parent of Florida's Avatar Property & Casualty Insurance Company, is set to acquire Centauri Specialty Insurance Company and its Louisiana-based subsidiary, Centauri National Insurance Company. Centauri Specialty Insurance Company is part of Centauri Specialty Insurance Holdings, Inc., a Delaware-based holding company. The firm was established in 2006 in ... Read the full article
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