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The regional insurer has increased its weighting to OLO and commercial auto, versus comp. -
Insured losses produced the second highest first-half tally since records began in 1980.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive has been with the company for roughly one year.
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The executive left Lockton Re in June after almost six years.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The executive had previously worked four years as head of trade credit for AIG.
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The executive will continue to lead CRC Insurisk in the expanded role.
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Morgan Stanley first invested in Cover Whale in May 2024 with structured debt.
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