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Top Stories / Ad / Most Recent
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The Insurance Insider US news team runs you through the earnings results for the day. -
The firm projects losses from the fires at between $160mn-$190mn.
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Meanwhile, SiriusPoint’s property book grew 25% in full-year 2024.
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The carrier expects to book $100mn-$140mn from the California wildfires.
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The firm’s core CoR improved 3.2 points to 90.2%.
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The company, meanwhile, is bullish on E&S US casualty.
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The start-up has achieved an A- credit rating from AM Best.
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The restructuring arrangement is designed to protect creditors.
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At January 1 renewals, prices dropped 5%-15% for loss-free programs.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
