North America
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What does it take to turn a family-run insurance group into a global powerhouse? -
It is targeting low-risk specialty lines where it has a competitive edge.
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The forecast has increased since the early July update due to several additional factors.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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California wildfires account for $40bn of the insured loss tally in H1.
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The company also purchased $15mn of SCS parametric coverage.
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The specialty reinsurer also saw several bad investments hit the books.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The carrier also benefitted from favourable reserve development in property and A&H.
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Cat portfolios generally grew, but casualty approaches varied.
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