-
The development in reconstruction costs and contingent BI claims may put the ultimate sum beyond current estimates. -
The business is set to launch as the fronting market passes through a tumultuous period following the revelation of a major fraud involving Vesttoo.
-
Sources said SVP Crystal Greene along with VPs Carol Smith and Devon Lay and assistant underwriter Maggie Holland are joining Distinguished’s new D&O unit.
-
The carrier was originally in the market for extra capacity at January 1 before pulling plans.
-
According to NCCI, sector-wide accident year ratios for 2022 clocked in at 98%, while calendar year ratios came in at 83%.
-
In contrast, cyber pricing continued slowing down as Q2 rates increased 3.6%, compared with 8.4% in Q1 and 15% in Q4 as the space was hit by increased competition.
-
Nearly two years since the start of the program to lift NFIP rates, (re)insurers remain hesitant to fully commit to flood.
-
Average renewal premiums decreased 20% to 30% over the previous year’s price, with some public companies posting premium falls of 50% to 60% in the past 18 months.
-
With the acquisition, Zurich will expand its cyber risk mitigation services provided by Zurich Resilience Solutions unit.
-
On the surface, InsurTech results were better than the noise from incumbents, but caution is needed to ascertain the quality of new business coming in during a time when even industry leaders stumble.
-
The firm expects to obtain all regulatory approval to close the US deal over the next three to four months.
-
Inside P&C’s news team runs you through the key highlights of the week.
