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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The brokerage had secured a $340mn facility with JP Morgan, Fifth Third Bank and RBC in August 2023.
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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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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.
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The estimate covers property and vehicle claims.
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Casualty reserve concerns continue to mount as releases remain elevated.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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His predecessor Peed remains with the firm as executive chairman.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
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