As carriers and their reinsurers continue to piece together the claims picture from Harvey and Irma, anecdotal evidence is beginning to point to significant losses emerging from the larger coastal MGAs.
Floridian homeowners insurer United Insurance Holdings has estimated it will take an $83mn pre-tax hit from third quarter catastrophe losses net of reinsurance recoveries.
A total of 210 positions are being eliminated as part of a cost-cutting drive at the combined Ironshore and LIU US operations of Liberty Mutual, The Insurance Insider can reveal
Ironshore has promoted from within to bolster the ranks of its Bermuda property unit after a quartet of executives led by Nick Wills left to join Argo.
Hurricane Maria could challenge the financial strength of Caribbean and Puerto Rican insurers as the storm brings devastation to the region two weeks after it was struck by Irma, AM Best has warned.
