-
With record attendance, the conference was a reflection of how much the MGA space has grown and continues to grow. -
Parent Cowbell Cyber launched the E&S carrier a little over a year ago as part of Cowbell’s transition from an MGA to a full-stack insurance carrier.
-
Data shows Texas developments parallel some of the trends in other troubled states, but it is heading in from a stronger position.
-
From 2020 to 2023, P&C replacement costs increased by 45% on average, whereas inflation for the overall US economy increased 15% within that same period, though the forecast expects that to change.
-
The carrier booked net pre-tax unfavorable development of $154mn in Q3, primarily driven by $263mn of unfavorable development from its business insurance unit.
-
The broker’s “State of the Market: Real Estate” report says little change is expected in the property insurance marketplace for the rest of the year, but talk of more moderate rate increases in 2024 is “gaining momentum” specific to loss-free, properly valued and attractive accounts.
-
Carlton Maner is stepping down after having served at AXIS for almost 22 years.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The International Underwriting Association has urged cyber insurers, brokers and clients to focus on risk management to help better respond to claims.
-
The executive will lead a new specialty business line focused on global credit and political risk.
-
The new platform includes over 400 workers’ compensation classes, including contractors, healthcare, hospitality, manufacturing and transportation.
-
In 2022, Texas ranked third in incurred losses behind Florida and California, clocking in at $53bn, according to data from the Insurance Council of Texas.
