Insurers
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The investment firm’s holdings were down to $59mn at the end of Q4. -
January CPI/PPI heats up but won’t translate to higher loss costs.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
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The insurance commissioner said the carrier has not shown the need for price increases.
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The group should also tilt capital allocation away from M&A and deepen its disclosure.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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This is FMH’s first acquisition since acquiring Axa XL’s crop unit last April.
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Q4 earnings roundup January 27: WR Berkley, Brown & Brown
January 27, 2025 -
CatIQ pegs Jasper wildfire loss at more than C$1.2bn
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