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The wildfire started Wednesday and is 0% contained so far.
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In other property, Helene and Milton will assure rates remain attractive, he added.
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A quick roundup of today’s need-to-know news including Swiss Re, Hamilton and RenaissanceRe.
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D&O and D&F are also facing increased competition, but property remains price adequate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Arch stands out among hybrids, but Axis and Everest grind it out.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
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No named storms exceeded AFG’s $70mn cat retention.