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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”. -
IAP served as financial adviser to Atri in the transaction.
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The suit seeks compensatory and punitive damages from 180 defendants.
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The three lines add up to 80% of the deal.
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The Federal Insurance Office has data collected from over 300 insurers.
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The pair will lead crisis management and financial lines, respectively.
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
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The regulations are part of a state effort to expand wildfire coverage.
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The executive will oversee the group’s strategic financial direction.
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Maria Long joins the cyber insurer from Munich Re as the company's deputy CUO.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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