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The reinsurance CoR decreased 2.3 points to 79.5% while primary CoR rose 4.7 points to 98.7%. -
The suit asserts the raid will cause “incalculable harm” to the broker.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The Canadian insurer saw property rates dip across its global divisions, but it had strong rate on liability.
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The MGA will initially focus on credit, energy and construction.
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The business posted a 95.2% undiscounted combined ratio.
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Alistair Lester joins from Aon, where he has worked for the past eight years.
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Plus, the latest people moves and all the top news of the week.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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Aviation reinsurance reserving issues will also be a broader focus for the market.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
