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The new funds raised at 1 January are dedicated to its retro-focused Upsilon fund and its Medici cat bond strategy.
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The executive says retention and new business wins drive growth. -
When looking at rate trends for large directors’ and officers’ (D&O) accounts, one could call the situation a tale of two markets.
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WR Berkley has witnessed a surge in E&S submissions even as rates creep upward.
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The insurer reported underwriting profits of $114.7mn in Q4, up 71.1 percent from the same period a year earlier.
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California recorded a 34.1 percent jump in excess and surplus premiums written compared with the previous year.
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J Powell Brown said engineered property and umbrella policies were proving harder to place.
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Modest acceleration in January brings underwriter hopes of further momentum mid-year.
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CEO Mike Sapnar said losses in the last two years have wiped out premiums.
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Excess rates continue to rise after several carriers early last year pulled back from the class.
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The scaling back comes amid more stringent conditions for sideways covers.
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Demotech’s actions expected to have only a minimal net impact on reinsurance demand.
