North America
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Goldman will join Ascot next month to take on the newly created role. -
In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
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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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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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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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This is up from last year’s $1bn protection for its Florida treaty.
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The executive was formerly the head of cyber solutions, North America.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
