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Hereford and Maya have written $141mn and $15mn in DWP for H1 2024, respectively. -
ATIC insures about 60% of the NY livery market.
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The losses added 12.3 points to the firm's 100.4% CoR.
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The company writes roughly $300mn with Ebitda of roughly $30mn.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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The InsurTech had been pursuing strategic investment options, including a minority stake sale.
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The all-items CPI has increased 3.4% over the last 12 months.
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Former NTUM president Justin Joyce will lead the ANTU binding unit.
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It is understood that the company needs to secure cash within less than 30 days.
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Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
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A litany of underwriting and quoting constraints has made it much harder to write business.
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However, capacity build has slowed over the past year, sources say.
