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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025. -
The state is drought-ridden, hail threatened and potentially making major changes this year as a result.
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The independent MGU was spun out of AIG in 2023.
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This is lower than some estimates, which had put insured losses at over $30bn.
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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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Drummond had asked the state’s insurance commissioner to help him combat rising rates.
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The ratings agency maintained a neutral sector outlook.
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Defendants can service clients who signed BOR letters as of December 29.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Former Aon employees are barred from using Aon’s confidential information.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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Inflation was down from the 3% recorded for the 12 months ending in September.
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