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The broker’s EPS beat consensus at $3.49 for the quarter. -
Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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The former Everest executive has more than 30 years of A&H experience.
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Shares opened at $28.50 each, well above the $21 offer price.
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The Insurance Insider US news team runs you through the earnings results for the day.
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He will serve as an independent non-executive member.
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Insurers must write policies in high-risk areas in order to incorporate the model.
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The automaker’s insurance arm wrote over $300mn in premium last year.
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The executive said the claims industry is going to “be transformed”.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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The carrier has been steadily increasing loss trend estimates.
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Jill Beggs was most recently COO for reinsurance.
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