Liberty Mutual
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Erbig joins after more than 20 years in finance-related positions at Liberty Mutual. -
Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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When owners are not paying attention, discipline and governance are not top priorities.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
