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The forecast included two intense hurricanes, six hurricanes and 12 tropical storms. -
The executive stepped down as CEO of 2018 start-up Ategrity at the end of 2022 and is looking for a swift return.
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A subtle, decade-long shift toward equity investments halts as rising interest rates push carriers back to short-duration bonds.
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This new coverage will be underwritten by Falvey’s recently appointed inland marine underwriting team announced in late February.
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Analysis shows that year-end 2022 industry reserves were redundant by 2.9%, but a quicker than anticipated turn in social inflation is a trend to watch out for.
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The state is focusing on “bad actors” who take advantage of homeowners, insurance commissioner Jim Donelon said during a press conference.
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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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Reinsurers achieved an average ROE for 2022 of 5.2% – far below the cost of capital – in what Aon described as a “poor year for reinsurance sector earnings”.
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The company believes the program management and legacy businesses would work better as standalone operations.
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The credit facility will add to Orion180’s current capital base, which will be used for underwriting growth and product line expansion, as well as geographic expansion.
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While there were sparks of cheerfulness among attendees, a careful reading of the room showed that rationalism is superseding optimism.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
