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Rates fell across all premium lines, especially for property and GL. -
The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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Initial expectations for the later storm prove overblown, while inland auto losses mount for the earlier event.
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Nicola Gaisford joined RiverStone from R&Q last year.
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The MGA platform will become part of Ryan Specialty Underwriting Managers.
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Excess casualty rates were up 10% and have been double-digit all year, the executive said.
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The average for October was roughly half of that for September.
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The firm will provide an update on November 22 to avoid holiday season.
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Industry campaign cash favors Republicans, except when it comes to the presidential election.
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He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
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The broker said the casualty segment is approaching an “inflexion point”.
