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The company saw a 53% decrease in cyber claims after a surge in 2024. -
Bill Bouvier has spent more than three years at the legacy firm in this role.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The fundraising focus comes after it was acquired by The Baldwin Group in Q1.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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Despite high profile losses, there’s ample capacity in marine and aviation, while PV has seen healthy profits.
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All rates were up on a year-over-year basis, except for workers’ compensation.
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Both executives will be based in New York City.
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The fundraising round brought in $50mn for the insurer.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
