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The company has reduced its exposure on large commercial auto and property. -
Sills added that Bowhead doesn't expect a reversal of compressed limits being offered.
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The conglomerate’s insurance subsidiaries will have to make do without some of their prior strategic advantages.
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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
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MGA platforms, however, are seeing higher multiples than those in retail.
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The executive had previously been at Aon for over 15 years.
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The program is designed to address a changing risk environment.
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The facility is a nudge towards a structural change, not a full-out assault.
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The platform will focus on acquiring MGAS across lines of coverage.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The Insurance Insider US news team runs you through the earnings results for the day.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
