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CEO Carl Hess said WTW is entering 2025 with “considerable momentum”. -
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.
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
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Commissioner Lara said 31,000 claims have been filed for disaster-related needs.
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The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
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Organic growth in broking segment Marsh accelerated during the reporting period.
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The Floridian also expects to report its “best earnings quarter” for Q4 2024.
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Legal experts say the bill, SB 222, stands a good chance of becoming law.
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The figure does not include specie or auto losses.
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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
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