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Laura Johnson most recently served as head of E&S primary casualty.
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Laxner has prior experience at Ambridge, Converge, Axis, Markel and Chubb.
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He joins Fairmatic’s executive team to lead new product production.
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Commercial carrier earnings continue to show mixed prior-year development.
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The pace of price decreases has eased since Q2 last year.
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The index’s 2023 peak was Q2, when rates increased 19%.
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Last year, this publication revealed that TPA SCM and Rimkus launched sales processes.
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The home insurance start-up claims the fundraise was made at a $1bn-plus valuation.
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Florida saw the largest increase, up 18.5% year-over-year for January.
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Surety DWP rose between 11%-12% YoY from Q1 to Q3 2023.
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The carrier expects to re-emerge after operating as going-concern Anchor.
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