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The carrier disclosed it will book $1.1bn in net losses from the California fires. -
The carrier has been reducing its presence in the state since 2007.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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RenRe gave the highest anticipated market loss of $50bn.
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This is FMH’s first acquisition since acquiring Axa XL’s crop unit last April.
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The arrival of Marsh’s Donnelly will "accelerate" US specialty growth, the CEO said.
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The company says the recent wildfires will be the costliest in its history.
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CEO Carl Hess said WTW is entering 2025 with “considerable momentum”.
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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 new Floridian carrier plans to write homeowners’ insurance in Q1.
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President Andersen said he was optimistic about the 2025 reinsurance market.
