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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Planning for the carrier was halted in January due to the CEO’s health issues.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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The executive has been with the firm’s underwriting team for over 12 years.
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The California wildfires in January accounted for $460mn of Q1 cat activity.
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The impact could also raise home-building costs by $10,000 per unit.
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Customers are demanding more in a larger move towards the E&S market.
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The company is also pursuing “deconcentration” to lower SCS exposure.
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The remediation process is on track for completion in the fourth quarter.
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It will be tough to pull off prior goals despite management assurances.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
