-
Fema's traditional reinsurance programme will attach at losses of $7bn and above. -
Q3 expansion was fueled by 9.9% of personal lines organic growth.
-
The renewal book has auto, home, renters and condo policies, among others.
-
Ceding commissions remain elevated but primary rates are improving reinsurer margins.
-
The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
-
The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
-
James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
-
A total of $2.1bn in Fema money has been approved for the state.
-
The deal is the latest in a string of investments by the MGA platform.
-
The business will trade via London, the US and Canada.
-
The wildfire in Ventura County was 7% contained as of Friday afternoon.
-
The Bain-backed fronting carrier acquired Spinnaker’s shell subsidiary earlier this year.
