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The deal includes insurance technology company Cybercom, which Coastal bought earlier this year.
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Defence costs are expected to remain elevated, as weather losses have also weighed on results. -
Lawsuits filed against the insurer in four states will be considered by a federal judge in Pittsburgh.
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The industry must create a united front to ensure preparedness for the next crisis.
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Price-to-earnings multiples suggest that the P&C stocks are currently the most undervalued they have been since 2012.
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Inside P&C takes a look at whether dynamics created by the pandemic will immediately reverse post-vaccine.
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Carriers have raised $19bn so far this year, with another $3bn in the pipeline, the broker says.
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Former president Widdicombe has taken the role of chairman, as planned, but won’t serve on any board committee.
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Like other lawsuits, the action claims that the presence of the virus constitutes property damage.
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The company said it would not be safe to host up to 40,000 delegates in May, but that physical meetings would return.
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The revamped insurer backs the intermediary’s long-term care binder.
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The former Pioneer underwriting chief will lead the programs team within Brit Global Specialty USA from Georgia.
