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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The decision comes weeks before the rule was set to take effect in September.
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The company still has ambitions to sell the business.
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They will complete the terms of two recently resigned board members.
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A quick roundup of today’s need-to-know news, including an update on Sutton National's sale process.
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Ridge Muhly and Adam Kornick join from Gen Re and Porch Group.
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The report flagged “opportunistic underwriting” by many of the major markets.
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The CEA has $326.4mn towards risk transfer, 44% below budget.
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The top four lines posted low-single digit to high-single digit policy count growth.
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Competition is high and rates remain under pressure.
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Mexico City-based Ant was founded in 2019 by Alejandro Cabrera.
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The executive joins Jencap following a 20-year career with Markel.