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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn. -
The conglomerate expects pre-tax losses from Hurricane Milton of between $1.3bn-$1.5bn in Q4.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
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The company has grown its premium base by 12% annually over the last five years.
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Management is showcasing its ambition, but it’s also dialing up risk.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The retail broker upsized its revolving credit and delayed draw term facilities.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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RiverStone is assuming $1.2bn of a $1.6bn legacy deal.
