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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker has over 30 years’ experience and will be based in Dallas.
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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 conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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January cat losses continue to run higher than prior years, with no help from latest wildfires.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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Casualty reserve concerns continue to mount as releases remain elevated.
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The second half of the year was significantly more active for the legacy market.
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The role at PCS included acting as primary touchpoint for ILS.