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Inside P&C’s news team runs you through the key highlights of the week. -
The executive joins from Crum and Forster, with 20 years’ cyber experience.
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The hard reinsurance market and elevated cat losses continued to drive rate increases.
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New homeowners' policies in wildfire-prone areas will have to flow to the non-admitted market or the state’s last resort, the California Fair Plan.
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The increase takes the carrier’s total reserves for the conflict to $145.6mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the company decided to outsource its claims function to Sedgwick, a third-party administrator in which Stone Point Capital is a minority investor.
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The cyber MGA can now serve clients in Italy, Spain, Ireland, Sweden and Denmark.
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In an interview with this publication, the executive added that jury sentiment is driving these large awards.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The broker said increased reinsurance costs had not been passed onto customers.
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The exit of the start-up line will allow the company to apply its resources and underwriting expertise to other segments.
