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However, rate gains again accelerated year over year for all lines except workers compensation. -
It is understood that Bezerra will remain based in Miami for his new position.
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A quick roundup of today’s need-to-know news, including Ivans, AmCoastal and more
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The binding authority facility targets smaller commercial property and general liability E&S risks.
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Howard, who led the brokerage through its recent transition to private ownership, will take a vice chair role.
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DeSett will develop Hub’s commercial lines strategy and drive organic growth.
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Capacity conversations centered around comp, trucking and cat, while new names emerged in collateralized re.
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Overall, insurance rates fell by 1%, led by competition in property.
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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The policies assumed represent $200mn of in-force premium.
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Alan Jay Kaufman will remain the firm’s chairman and CEO.
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He succeeds Laura Vest, who is retiring after 20 years with the company.
