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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims? -
This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
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The deal covered US and European P&C liabilities for Accelerant's 2020-2021 underwriting years.
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Sanchez will report to Carolina Carmona, LSM’s head of financial lines in south Florida.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The report flagged “opportunistic underwriting” by many of the major markets.
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The CEA has $326.4mn towards risk transfer, 44% below budget.
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The top four lines posted low-single digit to high-single digit policy count growth.
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Competition is high and rates remain under pressure.
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The executive joins Jencap following a 20-year career with Markel.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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Premiums increased 5.6% across all major lines, down from last quarter.
