-
Several Lloyd’s syndicates are also now providing cover for the federal insurer. -
The underwriter will fill a newly created role at AIG.
-
Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
-
Carriers posted weaker top-line results but delivered improved combined ratios.
-
The MGA began offering US commercial E&S property products in December.
-
The carrier now expects to deliver full-year operating profit of ~£2.2bn.
-
James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
The executive said the firm has grown its casualty business by 80% from 2022.
-
Interim CUO Nick Pritchard turned in his notice in August of this year.
-
Widespread underinsurance and low exposures will limit losses.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run to 30%-250% of the country’s GDP.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
APIP is one of the world’s largest property programs.
-
Property pricing fell by 8%, while casualty rate increases tapered to 3%.
-
Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
Brian Church has spent 20 years at Chubb.
-
Willis claims at least two $1mn accounts were also unfairly lost to Howden.
Most Recent
