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The Insurance Insider US news team runs you through this week’s key agency M&A. -
It is understood that Grim will be part of the casualty team at the TIH-owned wholesaler.
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The homeowners’ MGA CEO said the wildfires could spur a re-evaluation of models.
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The estimate has reduced slightly since the modeler’s last update in October.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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Challenges in claims frequency and carrier competition are likely to remain.
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
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A state-mandated, one-year moratorium on non-renewals is also in place.
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Also, John Diaz will lead a customer and distribution management function.
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A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
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The Willis name, which dates back to 1828, will be used with clients and markets.
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Robin Hamilton has been appointed head of energy and marine liability.
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