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The storm in Florida will drive primary loss costs up for property carriers even more, due to higher treaty attachment levels, the company’s report read.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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While Canopius has been in the US for 10 years, the insurer has been building “a multi-platform approach” in which underwriters can write business on several different types of paper.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The forecast included three intense hurricanes, six hurricanes and 13 tropical storms.
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The California Earthquake Authority expects difficulty sourcing capacity well into 2023.
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With weaker economic growth and competitive pressures hindering insurers' efforts to push through offsetting price increases, the ratings agency expects the sector's underwriting profitability to weaken.
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The reinsurer said the appointment comes as it looks to grow in the property treaty arena.
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Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Secondary perils – which have traditionally been high-frequency, low-severity events – accounted for 70% of all insured losses in 2022.