North America
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The estimate is based on industry losses in the range of $35bn-$45bn. -
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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The carrier expects the market loss to land at $35bn-$40bn.
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The transactional liability class faces a string of potential losses, especially in the contingent segment.
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The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.
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He will have to step down from his non-executive role on the board to take the job.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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Plus, the latest people moves and all the top news of the week.
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The ratings agency has revised Mercury’s outlook from stable to negative.
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The traditional R&W product is seeing an increasing number of large losses.
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The executive will maintain his advisory role with the Ardonagh-owned wholesaler.
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