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The Insurance Insider US news team runs you through the earnings results for the day. -
The company will ‘aggressively pursue subrogation’ for the Eaton Fire.
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The supply chain in personal auto, and the impact on inflation are areas of concern.
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Carriers that started earlier in correcting their books and catching up with loss trend may be reaping rewards.
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The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
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The carrier reshaped its portfolio in 2024, cutting costs and investing in Gen AI and LLM technology, CEO Peter Zaffino told staff.
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The company, meanwhile, is bullish on E&S US casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rate meanwhile continues to be an area of focus in the lines most impacted by social inflation, the CEO noted.
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A majority of losses come from property-oriented businesses and inland marine.
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The carrier anticipates the impact of the wildfires to drive January cat losses up to $40mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
