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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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Industry veteran Tonya Courtney will lead the company’s newest E&S business.
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As of February 14, the company received 405 claims.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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The Insurance Insider US news team runs you through the earnings results for the day.
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RAA president Frank Nutter says he hasn’t been able to get an update on the project from the now Trump-led NOAA.
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The London D&F market will shoulder most of the losses.
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The carrier is only going to write new business on E&S paper, sources said.
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The executive, Mike Schell, has over 50 years of industry experience.
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He served in the role since the Applied Underwriters segment’s inception in late 2023.
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A quick roundup of today’s need-to-know news, including Swiss Re, Liberty Mutual, Volante and more.
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The MGA will be trying to replace the transactional liability capacity in the coming weeks.