Insurers
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The carrier is restructuring the business into three segments. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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The total includes fire and smoke damage plus living expenses for evacuees.
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The executive will replace retiree Michael Miller.
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Losses from the larger fire will amount to $20bn-$25bn, the modeler said.
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Loss-cost indicators are high for liability, low for property.
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The estimate has reduced slightly since the modeler’s last update in October.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
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Christopher Flatt succeeds Christopher Schaper, who was appointed CRO of AIG in November.
