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The group has hit multiple industries since March, including a raft of insurance companies. -
The risk of cyber incidents that cause physical damage is also rising.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has also expanded its relationships with US and UK MGAs.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The company has also appointed David Tran as head of programs, Canada.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The newly created role consolidates leadership across UK entities.
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The carrier also benefitted from favourable reserve development in property and A&H.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
