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GL reserves continue adverse development trend for 2015-2019 accident years. -
The carrier’s sales process is ongoing, and it will provide an update “in due course”.
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Workers' comp saw an ongoing significant increase in losses.
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Carriers expressed confidence on the line’s ability to withstand medical inflation.
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The deals completed in 2023 represented over $140mn of annual historic revenue, Ryan said.
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Root’s improved results make it an attractive acquisition, not a comeback story.
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Personal auto rates increased 19% during the year.
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London underwriters are getting aggressive in the US.
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The InsurTech’s shares gained over 50% in value on Thursday.
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In September 2023, Cowbell made the same number of staff cuts.
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Both executives will report to Jim Wallace, head of E&S property.
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Its PE owners have been exploring strategic options since May last year.
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