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Last July, this publication revealed that the agency had retained Piper Sandler to run a process. -
This publication revealed in July 2023 that the utility company had chosen to try self-insurance for the first time.
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A quick roundup of today’s need-to-know news, including LA wildfire losses, Everest and Florida Citizens.
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Syndicate 609 will cede net loss reserves of approximately $196mn.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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A quick roundup of today’s need-to-know news, including the California wildfires, Amwins and Canadian cat losses.
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Brokerage co-presidents Jeff McNatt and Sam Baig discussed the E&S market, rates and M&A.
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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
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At Zurich, Hirs served as group head of M&A and CFO for North America.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
