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Mercury General has a $10mn retention on its existing programme, and is thinking about buying more limit at the 1 July renewal. -
Reinsurers did not adequately adjust pricing to account for 2018 losses and 2017 creep, the ratings agency says.
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The cost of the claim fell after carriers took Black Friday discounts into account.
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The internet grocer previously warned the fire would hamper sales growth.
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The executive will oversee major accounts in 17 countries.
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The legacy carrier has issued £100mn in new shares and will offer shareholders an additional £7mn of equity.
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AGCS leads the $200mn general liability policy on dam.
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The insurer will benefit from reduced incentive expenses owed to former executives in the Bermudian firm.
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Fourth-quarter net profit exceeds forecasts, while the full-year result comes in at the mid-point of the targeted range.
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Q4 and 2018 results contain plenty of noise from catastrophes and commercial auto charges, but underlying business looks solid and stable.
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ARPC buys additional A$250mn top layer on A$3.315bn retro cover.
