Merger and acquisition activity involving insurance brokers fell 24 percent in the first quarter but remained at an historically high level in North America, investment bank Optis Partners said today.
Estimated losses from Hurricane Irma in Florida have surpassed $8.6bn while more than 40 percent of commercial claims from the September storm remain unresolved, new state data show.
EMC Insurance Group sharply lowered its expectations for first quarter results, citing an unanticipated pick up in non-catastrophe losses and a “significant reduction” in favourable reserve development.
