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The program complements the MGA’s middle-market offerings. -
One avenue for capital freed up by a softer-than-expected renewal could be more M&A.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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This is lower than some estimates, which had put insured losses at over $30bn.
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The first round of 2026 renewals was largely favorable for buyers.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Specialty was the busiest segment but still recorded a YoY drop of seven points.
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The facility has expanded to cover construction and renewable energy risks.
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In a state prone to SCS, wind, floods and freezes, carriers are still fighting for market share.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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The commissioner said more work needs to be done, but big companies are interested in coming back.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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The executive’s 30-year career includes stints at Neon, Chubb and Arch.
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The proposal says oil companies cause climate change and, thus, increased cat losses.
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Several lines had price decreases, while growth in most sectors slowed from previous quarters.
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The legal setback came as publication of a Fema reform report was postponed.
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The company announced four internal promotions this week.
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Trump’s shadow loomed over the beachside sessions.
