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Intermediaries have highlighted the ‘evolution’ in reinsurance buying as hard market conditions are expected to continue. -
Rate action for personal auto insurers has been increasing in 2023 to balance rising loss cost trends
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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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Highlander has $300mn of insurance coverage, placed by Ed Broking and led by Munich Re Syndicate.
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Carrier and broker sources canvassed by this publication indicate that whatever they imagined pre-January 1 reinsurance renewals, the community is experiencing an even harder market.
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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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Last week, SiriusPoint and Compre signed an LPT deal covering $1.3bn of reserves.
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In tandem, the company elevated David Ni as chief strategy officer, Paul Brockman as chief operating officer and Matthew Kirk as chief financial officer.
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The lawsuit argues that one engine that was leased out in Ukraine and 16 engines that were leased out in Russia have suffered physical loss or damages.
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The insurer will continue growing via M&A and is looking for $50mn-$500mn specialty businesses with strong leadership to expand its portfolio.
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The company expects to turn adjusted Ebidta positive by the end of 2024 with cash of at least $400mn.
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Program insurer Fortegra has sealed a deal to provide underwriting capacity to the new specialty MGA Adlaur.
