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The carrier's largest client was the prime source of up to $60mn of pre-tax adverse development now expected in the third quarter. -
Carriers are looking to diversify their investments to build resilience, according to the asset manager.
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A lower underwriting result belies improving fundamentals after unprofitable lines fall away.
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The mutual’s half-year combined ratio improved by 0.5 points.
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The troubled auto insurer has a hearing scheduled with the Nasdaq panel.
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The CMIG chief risk officer replaces departing board member Laurence Liao.
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The Mark Cloutier-led carrier reported improvement in its underlying underwriting result.
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QBE has appointed Todd Jones to lead its North American operation, succeeding Russ Johnston.
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Reserve strengthening for prior-year catastrophes lifts the overall loss ratio, while specialty line earnings improve.
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The Morristown, New Jersey-based specialty carrier posted a combined ratio of 98.1 percent.
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An M&A deal is seen as a way Sirius can reduce its concerns surrounding its financially troubled parent.
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The investment changes will support the company’s continued push into the property catastrophe space.
