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The executive has also worked for AIG and Ace. -
The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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Saunders will remain with the firm as a senior advisor in a part-time role.
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CA insurers can now use forward-looking cat models in ratemaking.
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Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
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A quick roundup of today’s need-to-know news, including Alliant and Stone Point’s equity recapitalization and January 1 reinsurance renewals.
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The MGA will become part of binding authority unit Amwins Access.
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Abundant capacity was driven by reinsurers’ retained earnings after two profitable years.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Attachment points are unlikely to return to pre-correction levels any time soon.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
