-
December premiums were up for all three of the top E&S states, with California posting the largest percentage increase at 44.2% YoY. -
TRUE will use the capital injection to provide underwriting capacity in Florida “at a crucial time” and to expand its footprint nationally, according to a statement.
-
2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.
-
Some reinsurers could be heading into 2024 with spare capacity, the reinsurance leader said.
-
The broker said over-placement on some deals was a positive sign for brokers, though reinsurance capacity is still very tight in some areas.
-
A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.
-
The carrier believes its existing reserves account for any liability relating to claims.
-
Travelers is set to expand its core cat treaty by between $1bn and $1.5bn, in a further sign of increased demand for cat reinsurance coverage at 1 January, this publication can reveal.
-
The regulator has also paused the redemption of the company’s $20mn Tier 2 floating-rate subordinated notes.
-
Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.
-
This publication recently noted that ongoing rate declines and questions about past accident years are leading to calls for D&O price discipline.
-
The lack of momentum reflects on a general belief that underlying casualty business is well-priced for current years.
