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The insurance industry countered that the committee ignored a “toxic mix” of risks driving up costs. -
More competitive pricing is predicted for the commercial insurance market.
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Sources said Berkshire will move from the largest single capacity provider to a single-digit percentage line size.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The move was led by ex-Icat CEO Gregory Butler.
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James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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The 2025 State of the Market report also touched on E&S and MGA growth.
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The carrier attributed the intensification of storms this season to climate change.
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The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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The executive joins RPS after almost 12 years at Markel.
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The floods add to an already historic loss tally for Canada in 2024.
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The executive will build out Hamilton Americas property team and a book targeting commercial E&S risks.
