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The MGA will be trying to replace the transactional liability capacity in the coming weeks.
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Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.
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Delegated underwriters are seeing an opportunity to write in the PVT market as an add-on to property coverage.
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The change reflects an improvement in the carrier’s 2024 earnings to a sub-100% CoR.
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The executive will head the newly formed GBLI subsidiary.
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The investment supports Coalition’s goals for its active insurance offerings.
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The group posted a 15.7% gain for February and 29.2% for January.
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The group will house a segment for specialty and benefits and another for underwriting.
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Approximately 12% to 13% of Skyward’s premium was in commercial auto in Q4.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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The carrier will look to expand business outside North America.
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The US sports disability market has been dubbed the “problem child” due to its volatility.