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A roundup of all the news you need, including Hannover Re’s results on P&C treaty renewals. -
The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
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The carrier reported cat price reductions of 5.4% at the January renewals.
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The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
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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.
