Operations/tech

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The rate cuts will affect both new and renewal business across most products, with the biggest reductions affecting new business.

These measures are intended to create a more efficient organization, and they follow a thorough evaluation and reduction of operational expenses across Farmers, the announcement noted.

Gallagher Re's latest Global InsurTech report has shown that Q2 funding dropped below $1bn to the lowest quarterly investment level in three years.

Issues with faked letters of credit are not limited to one banking provider, sources said.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The layoffs will be effective at the end of September.

CNA said in a filing with the SEC that the $1.8mn will be paid in two installments, in addition to certain health and welfare benefits.

The exercise is no longer focused around crunching wholesale broking relationships down to a small preferred panel.

The platform will connect MGAs with capacity from a wide range of providers.