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Tornadoes have killed at least 32 people in three states. -
The targeted uplift comes after Mercury ceded nearly $1.3bn of wildfire losses to reinsurers in Q1.
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Sources said that negotiations are proceeding well with a path to do a cash deal.
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Third-party litigation financing remains the thorn in the sides of casualty insurers.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Competition and ample capacity are pushing premiums lower.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Inflation indices fell in April, but some items related to P&C are still elevated.
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Unpacking how much excess capital there really is and dissecting the source of its returns.
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Previously, the auction drew takeover interest from DB and Dai-ichi.
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The executive is departing for a role at Birch Risk.
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Most sectors saw lower premium increases, with five reporting decreases.
