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Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2. -
Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The carrier reported an increase of 82% in pre-tax income.
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The industry veteran also served as president and CEO of Starr Global Accident & Health.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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The move will impact around $50mn of gross written premiums in total.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Social inflation is driving non-renewals, while CoRs are up for P&C and casualty.
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The executive has been with the brokerage since 2004.
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This publication reported yesterday that Talanx was closing in on the sale.
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