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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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January CPI/PPI heats up but won’t translate to higher loss costs.
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Carriers that started earlier in correcting their books and catching up with loss trend may be reaping rewards.
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The company’s combined ratio rose 6.5 points from 2023.
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The executive joins after 20 years with Lexington.
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Loss-cost indicators are high for liability, low for property.
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The suit seeks compensatory and punitive damages from 180 defendants.
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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A quick roundup of our best journalism for the week.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer.