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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer. -
The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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Earlier this month this publication revealed that the brokerages were in advanced talks to secure a deal.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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Other key leaders come from Virginia, Rhode Island and Utah.
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A quick roundup of today’s need-to-know news, including reinsurer profits, nuclear verdicts, cyberattacks and more.
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The agency’s outlook for global reinsurance remains at Positive.
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A separate US Chamber of Commerce report, meanwhile, put tort costs at $529bn for 2022.
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The construction industry remains a top target for attackers and was the most impacted sector in Q3.
