-
Over $1bn in claims had been paid as of November 30, 2023. -
Axis’s reserve cleanup removes longstanding overhang and narrows the credibility gap.
-
Rates are generally cheaper than the admitted market.
-
Partnerships can address growing cyber threats such as DDoS attacks and ransomware, as well as AI.
-
Lamb’s previous position was controller with Kin Insurance.
-
The insurer said it will continue to renew existing homeowners’ business.
-
Tom Bredahl, president of the surplus and specialty division at Crum & Forster, said the company has received more E&S submissions in the last 12 months than in the company’s entire history.
-
The transaction would have been one of the largest the market has seen for years.
-
The company announced it is undertaking several strategic steps designed to increase operational and capital flexibility and to better position it for future growth opportunities.
-
The average 2023 premium renewal rate change for commercial property was significantly higher than 2022 across all months.
-
The broker’s Q4 programs reinsurance change led to a one-time $19mn charge that will allow it to reduce its PML exposure.
-
The executive joined the legacy carrier as CIO in 2020.
