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Insured losses for 9M 2024 have hit $102bn, according to a report. -
The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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Ball will succeed Jeff Poliseno, who is set to retire.
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It is understood that the business-to-consumer programs are not included in the potential transaction.
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It is understood that the company has retained the services of Dowling Hales as adviser.
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However, rate gains again accelerated year over year for all lines except workers compensation.
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It is understood that Bezerra will remain based in Miami for his new position.
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Overall, insurance rates fell by 1%, led by competition in property.
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The policies assumed represent $200mn of in-force premium.
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The three-year deal is expected to generate $200mn in GWP over the period.
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Sources said that Milton may slow the pace of rate deceleration.
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The firm still expects to deliver positive net income for Q3 2024.
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