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Village Protection is expected to be operational on or before January 2024. -
Inside P&C’s news team runs you through the key highlights of the week.
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A memo from the reinsurer raises concerns for cyber insurers over whether they could face a coverage gap after renewals.
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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 carrier's global reinsurance panel is led by Arch Re and encompasses 43 other reinsurers, including multiple Lloyd’s syndicates.
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The loss for the month was 60% comprising losses from two wind and hail events.
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With social inflation increasing since Covid, ProAssurance’s recent announcements could be the tip of the iceberg for older claims in the industry.
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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 average increase in commercial property premiums was 20.4% during the quarter due to inflation, natural catastrophes and persisting supply chain issues.
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Last week, the company disclosed an ultimate loss ratio of 36% for 2022, as the market softened after a period of dramatic hardening in 2020/21.
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Reinsurers are starting to see increased demand from personal lines, where valuations are being updated to match inflation.
