Results
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CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals. -
The carrier said 72% of those losses occurred in personal property.
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Meanwhile, SiriusPoint’s property book grew 25% in full-year 2024.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
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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 executive told analysts Fairfax has no plans of walking away from its current cat position.
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The latest cat event may not be enough to change the overall market, he added.
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The Insurance Insider US news team runs you through the earnings results for the day.
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On a year-over-year basis, however, most commercial lines recorded renewal rate rises.
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The company will ‘aggressively pursue subrogation’ for the Eaton Fire.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
