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The all-items CPI increased 3% year-over-year, down from 3.3% in May. -
Stable first half insufficient to counterbalance concerns on reserving trends.
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The tower now represents a 47% increase from 2023.
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“Hammer letters” are going around, and insurers are struggling to coordinate on claims handling.
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State National is providing $160mn of adverse development reinsurance coverage.
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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Former Chesterfield managing director James Stevenson moves to exec chair.
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The industry is mostly reluctant to raise capital with high interest rates, except for brokers.
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It is understood that the shutdown will impact about 25 employees.
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Dellwood recently appointed Aspen’s Felicia Rawlin as head of property.
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Worsening claims activity, privacy concerns and emerging threat actors have yet to reflect in pricing.
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The flattish outcome comes after a larger year-on-year hike in January.
