-
Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The book of business was performing poorly, and was exposed to major claims from the 2021 Huntington Beach oil spill in California.
-
Sources said that the company initially claimed to have secured support from London underwriters Canopius, Tokio Marine Kiln and Liberty Syndicate.
-
The firm’s strategy to consolidate trading relationships faces fundamental, cyclical and company-specific challenges.
-
Louisiana governor John Bel Edwards, state insurance commissioner Jim Donelon, and legislative leadership are in discussions about a potential special session.
-
The association has also set its 1-in-100 PML at $4.45bn for the year.
-
After market close on Wednesday, the carrier disclosed an estimated combined ratio of 109.1% for the quarter, adding 10 points year on year.
-
For the same period in 2021, the company reported a combined ratio of 98.9%.
-
Poor macroeconomic conditions loom, but reinsurers, brokers and personal lines carriers are expected to share positive results.
-
As insurers grow more comfortable with retaining attritional cyber risk they are altering reinsurance placements.
-
Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.
