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The government funding bill signed by Biden on November 16 contains provisions extending National Flood Insurance Program to February 2, 2024.
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RPS said higher excess layers in the E&S property sector are still seeing increases north of 50% while primary and lower buffer layers are seeing average increases of 10%-15%.
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Sutton’s financial strength rating and long-term issuer credit rating are both under review by Best, with negative implications.
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The net cat loss ratio dropped to 0.4% from 1.8% in September, but the consolidated loss ratio deteriorated 2.4 points to 75.5% during the same period.
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A quick roundup of this week’s biggest stories.
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The Insurance Insider US Research team walks buyers through valuation considerations for InsurTech MGAs, as capital constraints point to further consolidation.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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As CFO, Meier will oversee Assurant’s global finance and technology organizations and continue to report to Assurant president and CEO Keith Demmings.
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Slowing loss cost trends may signal relief ahead, but only if carriers remain vigilant on rate action until we are past the peak.
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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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Everest is targeting a combined ratio of 89%-91% for 2024-2026, compared to the 91%-93% target range from its previous investor day event in 2021.
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The executive will be responsible for formulating and implementing the healthcare liability segment’s strategy and approach to underwriting.