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The Insurance Insider US news team runs you through this week’s key agency M&A. -
Cincinnati Re reported $38mn of cat losses in Q3 that included $18mn for Hurricane Helene.
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The Hartford made the unusual move of calling out current AY development.
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Kinsale’s cat losses for Q3 were “quite modest” including hurricanes Francine and Helene.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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It is understood that the company has retained the services of Dowling Hales as adviser.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover.
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Richard Mangion spent almost two years as CFO at Bridgehaven.
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More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
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The Insurance Insider US news team runs you through the earnings results for the day.
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