Personal Lines
-
The letter also called out California insurance companies for investing more than $536bn in the fossil-fuel industry in 2019 alone.
-
Nearly $148mn of the unfavorable reserve development was related to National General, primarily driven by personal auto injury coverages.
-
Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.
-
The $500mn of new demand from Allstate highlights carrier need for cover after Ida, but pulling together cat capacity in the peak US market remains a tougher ask.
-
The company’s reinsurance assets rose 7.3% from December 2020 to December 2021.
-
The loss is steering more towards a personal lines event, with loss notifications leading to more optimism amongst reinsurers.
-
The team of around 30 staff will manage the run-off of Axa XL’s existing book and launch a product with Aviva.
-
The modeller said it is “likely” that the number of claims could exceed the high of Hurricane Harvey in 2017.
-
The ratings agency says it will continue to monitor whether the cat event could affect the rating outlook for any entity.
-
State Farm was by far the state’s largest homeowners' writer, writing $1.8bn in premium in 2019, representing 18.3% of the market.
-
In a note to clients seen by this publication, the risk modelling firm says the event may break records for insured winter storm losses.
-
Justice Secretary Robert Buckland says the one-month hold-up is a response to stakeholder lobbying.
Most Recent
-
Former PartnerRe CEO Clarke becomes BMS chair as Eurazeo deal completes
28 September 2023 -
Ex-AFL owners face asset freeze, spending limits after fraud case
28 September 2023 -
AI could hinder D&I by amplifying existing biases: Dive In panel
28 September 2023 -
IFRS 17 to cost insurance industry $21bn-$27bn: WTW
28 September 2023 -
Porch Group invests $57mn in HOA as Vesttoo fallout continues
28 September 2023