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Nearly two years since the start of the program to lift NFIP rates, (re)insurers remain hesitant to fully commit to flood. -
Average renewal premiums decreased 20% to 30% over the previous year’s price, with some public companies posting premium falls of 50% to 60% in the past 18 months.
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With the acquisition, Zurich will expand its cyber risk mitigation services provided by Zurich Resilience Solutions unit.
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On the surface, InsurTech results were better than the noise from incumbents, but caution is needed to ascertain the quality of new business coming in during a time when even industry leaders stumble.
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The firm expects to obtain all regulatory approval to close the US deal over the next three to four months.
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Inside P&C’s news team runs you through the key highlights of the week.
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The overall CPI rise in July was up by 0.2 points month-on-month from June, marking a reversal of the downward trend that started in June 2022.
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The policies are issued by At-Bay Specialty Insurance Company, the Delaware-based E&S insurer the InsurTech acquired from XL America in January.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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