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Global insurers and Floridians pull the index down but brokers buck the negative trend.
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The carrier has also lowered the upper limit of the policy by $100mn to $900mn.
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Companies with high reinsurance dependence face “difficult choices”, the ratings agency said in a new report. -
Michael Jordan worked at the London-listed carrier for more than 14 years.
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Reserve strengthening across the unit housing Antares pushes the underwriting ratio further into the red.
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Current rules allow lawyers in some insurance cases to collect up to 30 times what an insured is awarded for a claim.
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Nephila raised its $100mn target from the Stratosphere Re bond, which covers both personal and commercial property business.
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The executive says retention and new business wins drive growth.
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The appointment follows a major business restructure at the carrier and the launch of a new specialty business.
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A fire to the southwest of the Australian capital is “out of control” and over 21,500 hectares in size.
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First-party claims account for most of the payout, with further third-party claims from the 2019 breach still to come.
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The company narrowly beats the consensus EPS forecast as expansion in both broker segments accelerates.
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