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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The policies represent approximately $35mn of in-force premium.
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Slide lined up Morgan Stanley, Barclays and JP Morgan as lead bookrunners.
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The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.
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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 conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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January cat losses continue to run higher than prior years, with no help from latest wildfires.
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Sources said California regulators need to show they’re receptive to private insurer needs.
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The carrier said 72% of those losses occurred in personal property.
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The investment firm’s holdings were down to $59mn at the end of Q4.
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The insurer is seeking a 22% interim raise, but the request is currently on hold.
