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The CEO said business remains adequately priced in most classes. -
Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The broker has noted that double-digit reductions are increasingly available in property.
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The carrier said market dynamics were shifting due to increased capacity.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker posted a 6.5% drop in organic growth YoY.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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New business written premiums were up in the commercial and E&S segments, but decreased in personal lines.
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This brings the carrier’s total limit on the program to $1.8bn.
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Smaller accounts remain less affected by an influx of MGAs.
