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The offering includes GA, aviation GL and airport and product manufacturers liability. -
The industry continues to take reserve addition medicine in smaller doses than recommended.
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These events can also no longer be considered secondary perils, executives said.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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The executives will join the company in the coming weeks.
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The funding round valued the company at around $850mn.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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GAAP reserve triangles reveal the struggles of some hybrid franchises.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Wows will offer coverage tailored to high-value properties, written on non-admitted paper.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
