Interviews

The carrier's president said in some areas of the market, (re)insurers are dropping pricing too soon.

If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.

The executive discussed InsurTech challenges, his priorities for Branch, fundraising, and his concerns about the capital markets.

Rate increases are now universal in the property cat markets, the Gallagher Re executive said.

In an interview, Hiscox USA CEO Kerridge said the firm’s digital retail business in the US has over 600,000 policies-in-force.

Following his promotion, Hippo’s new CEO discussed InsurTech public market conditions, the funding environment for private companies, inflationary pressures and loss ratios.

The executive said his company is still “strongly capitalized” after raising its $118mn Series C round in March.

The intermediary is launching as the events space is set for a comeback after being hit in 2020 with major losses that stemmed from pandemic-driven cancellations.

The executive said recent volatility may lead some peer companies to delay their public debuts.

His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.

The business performance is on track for an eventual flotation, but the date will depend on stock market conditions, the CEO said.

The Kelso-backed firm is targeting agriculture, HNW and healthcare for potential deals in 2022, chief M&A strategist John Vaglica told Inside P&C.