-
Funding has reached $3.2bn over the first three quarters, 7% less than in 2023. -
The firm will provide an update on November 22 to avoid holiday season.
-
The broker said the casualty segment is approaching an “inflexion point”.
-
The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
-
Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
-
It is understood the executive will join the carrier later this year.
-
The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
-
RiverStone is assuming $1.2bn of a $1.6bn legacy deal.
-
Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
-
The company’s reshaping of the book will be substantially completed by year end.
-
Andrade flagged expected 5% to 10% increases in the US and Europe.
-
The promotion is effective as of January 1.
