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The figure does not include specie or auto losses. -
The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
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Brown also said California needs a Marshall Plan-like strategy after the wildfires’ devastation.
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Daniela Mills joins after more than eight years at Lockton.
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The executive joins after 20 years with Lexington.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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The carrier is restructuring the business into three segments.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
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Submission flows in WR Berkley’s E&S business overall are growing “considerably faster” than its admitted business.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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Valuations for platforms last year remained steady, at 14.02x Ebitda.
