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Old Republic Aerospace CEO Ralph Sohl will continue in his current position.
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Rate increases are expected to continue, but at a slower pace.
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The downgrade reflects the company’s balance sheet strength, which AM Best assessed as weak.
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The leadership team includes Spinnaker co-founders Dave and Ken Ingrey and ex-CUO Miles Allkins.
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A claim on that scale would test the market in ways it has never seen.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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CyberCube expects ransomware attack to impact both large and SME accounts.
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A total of 30 carriers entered the US public company D&O space in 2023.
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Social inflation is driving “cat-type” losses, with an increase in $50mn-plus verdicts.
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The market is shifting towards capital relief, with fewer, larger deals.
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Trisura is expanding the firm’s licenses to include all 50 states and Washington, DC.
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The complexity of the incident and US location point to one of the largest ever marine losses.