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Inside P&C’s news team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The withdrawal from the aviation reinsurance class announced yesterday represented ~$10mn of non-renewed premium.
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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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The impact of recent tort reforms is already being felt in the Sunshine State, the CEO said.
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D&O (Inside P&C Daily lead story): There is hope that public D&O rates could stabilize in the second half of the year following a tough end to 2022 and an ongoing slump in Q1. Significant discounts granted in 2022 are unlikely to be repeated, and there are ongoing concerns around both economic and social inflation, sources said. In the meantime, rates remain pressured from ample capacity and muted demand as established providers and incumbents drawn to the hard market of past years compete for relatively stagnant demand. The collapse of SVB, while a shock, wasn’t the inflection point for D&O that some might have expected.
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Spectra has in-principle approval for a Bermuda broker license but believes cyber ILS solutions will be a game of “slow progress”.
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The affirmation follows an SEC filing by activist investor and Third Point Re founder Dan Loeb last week, in which he disclosed intentions to take the company private.
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On Thursday, the bill passed 70-40 in Florida's House of Representatives, after passing the Senate last week.
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He was previously executive vice president and chief operating officer at the rival Floridian.
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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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HCI will own all its stock, launching it with 2.5 million shares valued at $1 per share.
