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An EF-4 tornado devastated Greenfield Iowa, adding to the expected multi-billion-dollar toll. -
The most common breach type was law compliance, followed by financial statements.
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The outlook calls for an 85% chance of an above-normal season.
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Hallmark’s commercial business will be fronted by HDI subsidiaries.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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The decrease takes effect August 20, 2024, and impacts new and renewal business.
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Of that total, $312.5mn was allocated to resolve the PFAS claims.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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The program includes all perils coverage and third-event protection.
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The InsurTech had been pursuing strategic investment options, including a minority stake sale.
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The distribution model itself prioritizes the need for due diligence.
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He will report to Cynthia Beveridge, global chief broking officer for commercial risk.
