-
Inside P&C’s news team runs you through the key highlights of the week. -
Rate declines have not been as pronounced in private D&O, though competition is increasing.
-
Sources said SVP Crystal Greene along with VPs Carol Smith and Devon Lay and assistant underwriter Maggie Holland are joining Distinguished’s new D&O unit.
-
Average renewal premiums decreased 20% to 30% over the previous year’s price, with some public companies posting premium falls of 50% to 60% in the past 18 months.
-
Some 81.5% of policies renewed with the same limit and deductible, marking a return to historic levels after bottoming out in Q3 2020. Among those policies, the average price decrease was 13.8%, while the average price increase was 30.2%.
-
The underwriter has previously worked at AIG, Chubb and Markel.
-
The hard reinsurance market and elevated cat losses continued to drive rate increases.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
InsurTechs are still the most heavily shorted among P&C names, though they likely have been beneficiaries of a short squeeze for most of 2023.
-
The broker said clients could save money, increase limits and buy extra coverage.
-
The primary layer of $10mn was written by Chubb. The policies cover the period from August 1 2022 through August 1 2023.
