-
The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024. -
CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The company will ‘aggressively pursue subrogation’ for the Eaton Fire.
-
The supply chain in personal auto, and the impact on inflation are areas of concern.
-
Carriers that started earlier in correcting their books and catching up with loss trend may be reaping rewards.
-
The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
-
The carrier reshaped its portfolio in 2024, cutting costs and investing in Gen AI and LLM technology, CEO Peter Zaffino told staff.
-
The company, meanwhile, is bullish on E&S US casualty.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Rate meanwhile continues to be an area of focus in the lines most impacted by social inflation, the CEO noted.
-
A majority of losses come from property-oriented businesses and inland marine.
