-
Rates are generally cheaper than the admitted market.
-
Partnerships can address growing cyber threats such as DDoS attacks and ransomware, as well as AI.
-
Lamb’s previous position was controller with Kin Insurance.
-
The insurer said it will continue to renew existing homeowners’ business.
-
Tom Bredahl, president of the surplus and specialty division at Crum & Forster, said the company has received more E&S submissions in the last 12 months than in the company’s entire history.
-
The transaction would have been one of the largest the market has seen for years.
-
The company announced it is undertaking several strategic steps designed to increase operational and capital flexibility and to better position it for future growth opportunities.
-
The average 2023 premium renewal rate change for commercial property was significantly higher than 2022 across all months.
-
The broker’s Q4 programs reinsurance change led to a one-time $19mn charge that will allow it to reduce its PML exposure.
-
The executive joined the legacy carrier as CIO in 2020.
-
The MGA is led by CEO Dennis Kearns, a 25-year industry veteran who founded the transaction solutions program at DUAL, producing total gross written premium exceeding $600mn.
-
It is understood that the cyber InsurTech has ~$100mn of excess delegated authority capacity and around 20 backers.