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The partnership represents one of 14 approved insurance providers with access to the insured crop marketplace of $20bn, according to the insurer. -
The executive will report directly to AM Specialty CEO Shevawn Barder.
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Aviation insurers are still facing uncertainty moving into 2023, with a slew of legal cases, and large losses from the previous quarters looming above them.
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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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The settlement is welcome news for the loss-hit downstream market, where there were fears of a claim as high as $1.3bn.
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The uptick compared with decreases of 0.3% in November, 2.2% in October and 3% in September.
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The bank is running a process to seek a minority stake sale of its broking arm, and is in talks with Stone Point and CD&R.
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The syndicate will access first excess – and eventually primary – business for US large corporates which typically does not make it to Lloyd’s, the CEO said.
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Inside P&C’s news team runs you through the key highlights of the week.
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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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General and products liability rate increases will slow down in 2023, with an expanding number of insureds expected to experience flat to 5% hikes as the year progresses, according to USI.
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Through the reciprocal exchange, the homeowners InsurTech plans to enter new markets in the first half of 2023, including catastrophe-prone states.
