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Insurers are also required to increase coverage in wildfire-prone areas. -
In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
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California’s crisis spurred the biggest reforms in decades.
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The new, publicly listed specialty program group will be led by Luke Ledbetter.
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The broker said demand grew more slowly than reinsurer appetite.
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A look back at the stories that defined the year in P&C for 2024.
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The program was developed in collaboration with Allianz Commercial.
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The P&C industry had a rude awakening as fresh claims data came rolling in post-pandemic.
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The business will operate as a full-service MGU under Amynta Risk Solutions.
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Danielle Harrison will become SVP, division manager, and Laurel Rudnick will be SVP, CUO.
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Overall, the “Golden Age” of E&S continues, but with a few new caveats, such as moderation in property pricing.
