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Auto severity continues to be an ongoing challenge for the industry. -
Foa becomes P&C national head and Lemann is small commercial director.
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The program will offer limits up to $5mn.
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A quick roundup of today’s need-to-know news, including KCC wildfire estimates, Milton losses and RLI.
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The exec previously spent over 12 years at Aon, recently as chief innovation officer, commercial risk NA.
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The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
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The industry loss number has increased threefold from an initial $5bn pick.
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After a period of re-assessing risk appetite, underwriters were signalling growth again – that was, before the fires.
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The total includes fire and smoke damage plus living expenses for evacuees.
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The executive will replace retiree Michael Miller.
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The fire started Wednesday morning and is currently 0% contained.
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IFC corporate director and chairman of IFC GSL advisory board Clarke will succeed Miller.
