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This publication revealed the appointment earlier today. -
Frequency has rebounded, while severity has spiked beyond the pre-Covid-19 years.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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The bill was introduced shortly after a similar bill failed in Mississippi.
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January cat losses continue to run higher than prior years, with no help from latest wildfires.
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Sources said that the MGA has been working with investment bank Waller Helms to find a potential investor.
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The news comes around three months after GTCR agreed to sell AssuredPartners to AJ Gallagher for nearly $13.5bn.
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The company stopped writing new business last September and lost capacity from SiriusPoint.
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The ratings agency has revised Mercury’s outlook from stable to negative.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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January CPI/PPI heats up but won’t translate to higher loss costs.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
