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The Insurance Insider US news team runs you through this week’s key agency M&A. -
Sources said the MGA secured support from MS Transverse, Axis, AmTrust and Summit for TL business.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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Fitch said 1Q wildfire losses could add 6% to 10% to Mercury’s CoR.
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Auto severity continues to be an ongoing challenge for the industry.
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Foa becomes P&C national head and Lemann is small commercial director.
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The program will offer limits up to $5mn.
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The exec previously spent over 12 years at Aon, recently as chief innovation officer, commercial risk NA.
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The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
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The industry loss number has increased threefold from an initial $5bn pick.
