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The executive, Mike Schell, has over 50 years of industry experience. -
He served in the role since the Applied Underwriters segment’s inception in late 2023.
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Florida House speaker Daniel Perez is seeking an investigation into the charge.
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Customers will keep their agent relationship and policies will not be impacted.
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Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.
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The California broker’s pro forma revenue for full year 2024 was $268mn.
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Commercial auto was the exception, ticking up slightly from January.
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The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
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Q4 net retention was impacted by the previously announced ADC.
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The executive will head the newly formed GBLI subsidiary.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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The organization was hoping to grow its reinsurance cover.
