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The Insurance Insider US news team runs you through the earnings results for the day. -
The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
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The firm projects losses from the fires at between $160mn-$190mn.
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The carrier will look to expand business outside North America.
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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.
