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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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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.
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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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The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year.
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Claims related to California wildfires are "fairly insubstantial" to date, executives said.
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Organic growth in broking segment Marsh accelerated during the reporting period.
