WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.