Gross written premiums (GWP) in the reinsurance segment of Axis climbed by more than 20 percent in Q1 driven by an increase in proportional business in marine, liability and motor lines, as well as a higher number of multi-year policies.
Specialty insurer WR Berkley managed to grow its premium base and profitability in the first quarter of the year as the group also improved its combined ratio
Everest Re saw gross written premium and profit contract in the first quarter as the company acknowledged significant headwinds in the investment and underwriting climate impacting the broader sector.
ProSight is suing Rod Fox-backed V3 Insurance Partners after the US managing general agent (MGA) allegedly bound "substandard risks" on the insurer's behalf and "negligently" ignored underwriting guidelines.
