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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition. -
Gray specializes in contract bonds for mid-sized and emerging contractors.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
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The FIO said it will work with regulators on coverage for digital assets.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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The reductions reflect a mix of programs being handed off and MGAs proactively switching.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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