-
Saunders will remain with the firm as a senior advisor in a part-time role. -
CA insurers can now use forward-looking cat models in ratemaking.
-
Sources said that with the equity refinancing, Alliant secured an enterprise value of ~$25bn.
-
A quick roundup of today’s need-to-know news, including Alliant and Stone Point’s equity recapitalization and January 1 reinsurance renewals.
-
The MGA will become part of binding authority unit Amwins Access.
-
Abundant capacity was driven by reinsurers’ retained earnings after two profitable years.
-
The largest non-US event in 2024 was the catastrophic flooding in Valencia.
-
Attachment points are unlikely to return to pre-correction levels any time soon.
-
Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
-
An 11th-hour softening has driven discounts into double-digit territory on some deals.
-
After two payments, the transaction is expected to be complete in February 2025.
-
Insurers are also required to increase coverage in wildfire-prone areas.
