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The P&C segment posted an 82.5% combined ratio for the quarter. -
Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The company provides management workflow for residential contractors.
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Pricing was “virtually flat” in the second quarter.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The broker has noted that double-digit reductions are increasingly available in property.
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The loss ratio rose 1.9 points to 53.1%, while the expense ratio ticked up 0.6 points to 28.1%.
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The carrier had $20mn in reserve releases in the quarter, compared to nil in Q2 2024.
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This brings the carrier’s total limit on the program to $1.8bn.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The firm has quadrupled its Ebitda since 2022.
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