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Wildfire risk destabilized the state’s market, spurring regulator attention. -
The carrier has seen two other exits from its US tax team this year.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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The carrier doesn’t have big concentrations with distributors and conducts business with individual brokers.
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Sources said that Archer Transactional and BlueChip Underwriting will continue operating with existing paper providers.
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Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
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CMP and BOP reached their highest levels in over a decade.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The Bermudian's MGA will be based out of Miami, New York and Pennsylvania.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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The Montreal broker will use the funds to expand its Canadian operations.
