-
The firm has rotated capital in sidecar Voussoir toward direct investor relationships. -
The NCIUA had initially sought $350mn of limit.
-
DaVinci equity plus debt stood at $3.25bn as of 31 December.
-
The carrier increased premium by 7% at the January renewals.
-
State Farm General has asked California regulators for an emergency rate increase.
-
There was a slight increase in DaVinci and Fontana from 31 December 2024 to 1 January 2025.
-
The firm reported record fee income of $128.2mn in 2024, up 26%.
-
Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
-
The state-backed carrier has $2.1bn of Alamo Re cat bond coverage.
-
Hurricane Milton accounted for 60% of the firm’s Q4 large loss tally.
-
The carrier expects the market loss to land at $35bn-40bn.
-
The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
