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The renewal book has auto, home, renters and condo policies, among others. -
A quick roundup of today’s need-to-know news, including James River, D&O and Sedgwick.
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Ceding commissions remain elevated but primary rates are improving reinsurer margins.
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Carlyle re-launched efforts to find minority investor last June.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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The model factors in the effects of climate change to date.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
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The firm announced Q3 results alongside strategic actions that included an ADC deal with Enstar.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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Shapella will also join the company’s executive leadership team.
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A total of $2.1bn in Fema money has been approved for the state.
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