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Former COO Jack Falvey’s appointment as CEO was reported last August. -
Trends leading into 2025 may indicate workers’ comp releases have peaked.
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The executive has also worked for AIG and Ace.
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CA insurers can now use forward-looking cat models in ratemaking.
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The MGA will become part of binding authority unit Amwins Access.
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Abundant capacity was driven by reinsurers’ retained earnings after two profitable years.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Attachment points are unlikely to return to pre-correction levels any time soon.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
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Insurers are also required to increase coverage in wildfire-prone areas.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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