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The carrier's Q2 reserve releases rose to $249mn from $192mn on favorable NA personal development. -
The insurer denies it is responsible for the actor’s legal fees.
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The segment is also seeing double-digit loss cost inflation.
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The former Corvus president will report to Ajit Jain.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
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Renewal rates fell, despite elevated catastrophe losses.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
