The deal helps boost Davies’ growth across North America and Canada.

The industry could weather a recession, unless loss costs and reserving pressures worsen.

Reserving trends, pricing declines and hurricane forecasts are causes for concern.

It is understood that the goal is to use a capital injection to form a reciprocal.

Light cat losses, reserve development, and pricing trends are key topics in Q1.

Some carriers may be pressing too hard on reserve releases from recent years.

2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.

The outlooks on IMT Insurance Company and its affiliate, Wadena Insurance Company – both domiciled in West Des Moines, Iowa, and collectively referred to as IMT Insurance Companies – were downgraded to negative.

The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.

There’s a “willingness of respect” from reinsurers regarding how the shock of dramatic price increases can put regional and mutual carriers under a lot of pressure, said Greg Moore.

HDI Global has agreed to acquire Indiana Lumbermens, a subsidiary of Pennsylvania Lumbermens Mutual.

Pricing, reserves and uneven catastrophe losses will be the theme this quarter.