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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
A one-time impact would be a mid-single digit increase to physical injury auto severity.
Meco's 2024 gross written premiums totaled $63mn.
The UK broker is still in talks with Mubadala about a standalone investment in the business.
Fortegra launched a sale process months ago with Barclays and BofA advising.
The Floridian company applied to be traded on the NYSE.
Sources said the Ethos-led group will take roughly a 40% stake.
The executive has spent over 20 years at Chubb.
It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
The suit alleges a “deliberate scheme” to deny smoke damage claims.
The counties make up for the majority of the state’s high net worth market, sources said.
A positive outcome could significantly curb insurers’ exposure to the loss.
The book of business comprises both personal and commercial lines.
London-based US excess casualty writers are increasingly looking to attach lower in the tower.
He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
The package comprises a $100mn cat bond and a $70mn sidecar.
This is shaping up to be a record year, building on momentum in 2024.
The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
Even if M&A activity picks up, Atlantic does not expect R&W rates to jump significantly.
The executive will continue to lead personal lines and core commercial.
The costs of accident/casualty-related claims continue to rise.
California, Texas and Florida rose 15.7% in February and 29.1% in January.
Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
Joe Cala will leave the carrier after nearly 13 years on the product recall team.
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Competitor news
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The insurer also pointed to accelerating growth, M&A to come, and a sub-30% ER. -
A US buy would have to be easily integrated, the CEO stated.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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