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MillerBoost is the latest broker facility to launch in London. -
Although US pricing is improving there is pressure in other geographies.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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The platform will capture and standardise data from all submissions, the broker said.
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The firm believes UK support for policyholders is under-served compared with the US.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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The executive previously spent 15 years in a variety of roles at Zurich.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Lloyd’s chair said attractive returns were the “essential bedrock” of performance.
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This is up from last year’s $1bn protection for its Florida treaty.
