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The growth figure represents a 5-point deceleration on the 9% reported in Q4 2024. -
Industry bellwether results and commentary don't indicate a crisis, despite uncertainty.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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In operation since 1991, Pearl represents Ocean Harbor and Equity insurance companies.
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The suit seeks to block insurers from passing through assessment costs.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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A one-time impact would be a mid-single digit increase to physical injury auto severity.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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NY-based PE firm BBH Capital has exited its minority investment following the recap.
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Meco's 2024 gross written premiums totaled $63mn.
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The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
