-
The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
-
The broker has noted that double-digit reductions are increasingly available in property.
-
The insurer denies it is responsible for the actor’s legal fees.
-
Claims were concentrated in the US, with a significant increase in D&O class actions.
-
SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
-
The MGA has also appointed Probitas alumnus Kiran Wignall.
-
The executive previously held roles at Capgemini, The Hartford and AIG.
-
Rates continue to drop as capacity is ample, the broker said.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
-
The MGA has built out a suite of products, including a planned launch into political violence.
-
The reinsurer confirmed Andrew Phelan’s exit, as of 15 May.