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The French credit insurer has Apollo lined up as its managing agent. -
Non-proportional business accounted for 34% of its total.
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Michael O’Neill has been promoted to onshore power and renewables underwriting manager.
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A combination of mandated days and soft pressure is driving up EC3 attendance.
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Hurricane Milton brought the firm net losses of $270mn in Q4, while it forecast up to a $750mn wildfire hit for Q1.
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The figure does not include specie or auto losses.
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The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
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New entrants have contributed to competition in the class of business.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The carrier is restructuring the business into three segments.
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Munich Re and Berkshire Hathaway are among the major providers to large California cedants.
