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The move comes after Argo Pro announced it will exit professional lines. -
Cat activity was a “modest” $175mn for Q4, but still up year over year.
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Losses from the larger fire will amount to $20bn-$25bn, the modeler said.
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Cat losses rose to $175mn, fueled by Hurricane Milton and higher Helene estimated losses.
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Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
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Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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BroadStreet took the lead as the most acquisitive brokerage last year with 90 takeovers.
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The much-anticipated creation of a DOGE office is already being challenged in court.
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The executives will report to Jenise Klein, CUO for North America.
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The cyber MGA also named Sarah Thompson global head of sales strategy and Jack Jenner to managing director.
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Commercial auto ended the year with its biggest gains at 9.82%, compared to 9.71% in Q3 2024.
