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The MGA will likely expand its D&O book as well, but excess casualty will grow faster. -
The partnership will launch a new umbrella excess insurance product.
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The company is seeking to promote growth in its US excess casualty book.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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He will oversee the launch of Tokio Marine’s new excess casualty line.
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
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Idaho and Minnesota far outpaced other reporting states in premium growth, stamping office data shows.
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Reinsurers will likely push for double-digit US premium rate increases.
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Umbrella was the exception, ticking up slightly on the month.
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This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
