Insurers
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January CPI/PPI heats up but won’t translate to higher loss costs. -
Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
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The insurance commissioner said the carrier has not shown the need for price increases.
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The group should also tilt capital allocation away from M&A and deepen its disclosure.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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This is FMH’s first acquisition since acquiring Axa XL’s crop unit last April.
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The Insurance Insider US news team runs you through the earnings results for the day.
