-
Industry results look good despite recent GDP/CPI numbers, but there is still cause for concern. -
Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
-
Overall economic losses hit $45bn in the first quarter of 2024.
-
Flash floods moved into Texas overnight and into the lower Mississippi Valley Monday.
-
The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
-
The carrier is also targeting E&S growth in property brokerage and global specialty.
-
The US large property team will support middle-market and corporate clients.
-
Concern about vague cat modeling language was a theme at a Tuesday workshop.
-
Executives are seeing 5%-15% rate declines on intense competition but in excess layers pricing is down as much as 40%.
-
Despite a smaller number of claims, ransomware payments hit all-time highs last year.
-
It is understood that the company needs to secure cash within less than 30 days.
-
The hire comes after the company’s recent rebrand from Capitola Insurance.
