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The specialty insurer reported favorable developments in both its insurance and reinsurance segments. -
The carrier has been reducing its presence in the state since 2007.
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The board will lead the review following feedback from shareholders including activist investor Jana.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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The carrier reported expansion in financial lines and marine.
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Conclusions on possible options will be shared at the end of Q1.
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The restructuring arrangement is designed to protect creditors.
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The broker CEO explained talent is what drives organic growth.
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The Pacific region led the quarter’s price decline at -8%.
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Andy Taylor spent more than 25 years with the company.
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The agency cited the group’s increased earnings diversification and improved resilience.
