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Earlier this week, this publication revealed that Axis and Accelerant will support the recently launched MGA. -
Increasingly, deals are being brought to market but not transacted on.
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Graham Knight will become chairman of natural resources.
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The ratings agency cited erosion in the company’s surplus position, among other developments.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.
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Tim Cerio also credited litigation reforms for the current market recovery.
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This compared to a 20.6% YoY increase for February and January.
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The M&A insurance MGA also secured support from Accelerant.
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He will manage the region’s sales and service teams.
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CoreLogic’s report for April 2024 saw rising costs across four common loss scenarios.
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The companies originally established the capacity agreement in January 2023.
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Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
