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Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023. -
This is Chubb’s second MGA deal in the past few months.
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The discrepancy between rising claim counts and favorable reserves is cause for concern.
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The move comes as the wait for a deal for the whole group passes the six-month mark.
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Business written in California, Florida and Texas averaged a 15.2% YoY gain.
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He will oversee management of the P&C loss adjusting business.
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Industry trends show the Axis book value growth goal may be hard to hit.
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Sentry launched its specialty lines division in 2022.
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The firm’s underwriting performance is hard to piece together from the limited available data.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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The Howden-owned MGA lost ~$250mn in cat capacity in September.
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Despite reserving actions, there are no signs of reinsurance capacity shortages in the market.
