Insurers
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This follows the firm’s exit from primary aviation. -
The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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GL and commercial auto rates accelerate at year-end as social inflation worsens.
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Other digital distribution platforms, including ProWriters and SportsInsurance, are also exploring a sale.
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Slide lined up Morgan Stanley, Barclays and JP Morgan as lead bookrunners.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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The investment firm’s holdings were down to $59mn at the end of Q4.
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January CPI/PPI heats up but won’t translate to higher loss costs.
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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.
