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The transaction will be one of the largest involving two strategics in broking history. -
A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Moody’s described Hurricane Helene as “like Idalia but worse”.
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The ratings agency expects insured losses of around $5bn for Helene.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The move comes less than a year after AssuredPartners’ sale process reached a stalemate.
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D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
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The NFIP has a higher take-up rate in Tampa Bay, which experienced record coastal storm surge.
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More than one million Floridians are without power after the storm hit.
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Additional strengthening is expected before Helene makes landfall in Florida tonight.
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An unexpected shift east towards Tampa could push losses beyond $10bn.
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