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A quick roundup of today’s need-to-know news, including California claims so far. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The brokerage had secured a $340mn facility with JP Morgan, Fifth Third Bank and RBC in August 2023.
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Private agencies forecast median Ebitda margins of 22% for 2025, with top performers expecting 28.5%.
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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 group should also tilt capital allocation away from M&A and deepen its disclosure.
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More than 33,000 claims had been filed as of 5 February.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The bill seeks prompt claims payments and settlements, and greater transparency.
