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EVP of property Nadine Silva has retired from the AIG’s excess and surplus lines carrier. -
The group will start by underwriting property, casualty, executive and professional lines.
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Meredith Head will join the reinsurer in September after more than 10 years at TMR.
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The ILS market faces a test to recover position as it loses market share to traditional players.
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The tornado, rated an EF-4 and one mile wide, followed a spate of roughly 60 twisters that broke out across the Midwest.
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It is hoped the Golden State will be able to have the policy in place from the start of next year, The Insurance Insider understands.
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NOAA reports that 60 tornadoes may have struck eight midwestern states on Monday.
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Guidewire chief marketing officer joins the InsurTech’s board
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Commercial real estate investor Capital Crossing said Mapfre paid only $2.6mn after it reported damage to 228 insured locations.
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Insurers posted a net underwriting income of $4.2bn in the first three months of 2019, up 24% from the same period a year prior.
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Arch Capital backed hedge fund carrier’s outlook graded “stable”.
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The organisation results results of a survey which showed an average rate increase of 3.5 percent.
