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Kinsale’s cat losses for Q3 were “quite modest” including hurricanes Francine and Helene. -
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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The broker expanded margins and grew earnings per share by 17% during the quarter.
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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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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The carrier saw 16% growth during the quarter.
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Modeling misses may have undervalued the storm’s inland wind impacts.
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This could change if Milton losses turn “ugly”.
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The carrier expects Q3 GWP to reach between $193mn to $200mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
