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Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
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The Irish MGA will be able to underwrite commercial property risk up to EUR10mn.
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Insurers' losses will likely be low and readily absorbed by their earnings.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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The flattish outcome comes after a larger year-on-year hike in January.
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It is understood that the goal is to use a capital injection to form a reciprocal.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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This publication broke news of the loan in May.
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The onus is on buyers to provide more granular and comprehensive data.
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AmCoastal also cut its board down to five members, including two new appointments.
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In high-capacity, global E&S property, London has continued to be aggressive.