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Both the primary and reinsurance segments benefitted from a light cat year. -
It is understood that Sutton National is the fronting carrier sitting behind the facility.
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The acquisition will expand PHLY’s presence in the niche market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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It is understood the permanent reinsurance capital vehicle is called Highline Re and will sit behind fronting carriers.
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The executive will fill the role previously held by Howden’s Figliozzi.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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The search for a CFO had been underway since last July.
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Many commercial risks will have London coverage, but insured values are relatively low.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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