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S&P cuts ProAssurance credit rating to BBB-

The downgrade comes following the carrier’s disclosure of impacts from a worsening tort environment.

Shrinking E&S capacity has ‘created an opportunity’: RLI’s Kliethermes

Excess rates continue to rise after several carriers early last year pulled back from the class.

ProAssurance falls 11% after $37mn reserve charge disclosure

Shares of Travelers also fell by about 5 percent after the carrier reported its fourth quarter results on Thursday.

Travelers has a handle on social inflation: Schnitzer

Senior executives said the carrier has secured rate growth without losing business.

• Travelers beats Q4 expectations as cat losses shrink
• More mutual M&A on the horizon: PwC’s Marra
• Florida 1.6 dynamics will show limited impact from Demotech push
• Zurich-owned N&G lands NMU marine trade book
• Sompo names former Allied World exec Julian James as London market chief
• Willis puts 2019 cat losses at $53bn

Opinion

By leaving their policyholders stranded, insurers risk harming the reputation of the entire industry

Loss-cost inflation was always going to accelerate in the casualty sector

The audit firms will play a pivotal role in how fast the casualty reserving crisis plays out

Start-ups will need all their skill and guile to contest the incumbency of the big brokers

In Brief

Puerto Rico insurance commissioner steps down

Lockton hires Ireland CEO from JLT

NFP acquires Arizona-based Koty-Leavitt

Davies Group moves into insurance law with Keoghs deal

Marsh acquires private equity specialist Ironwood

Brown & Brown buys Dallas-based Texas All Risk

Analysis

Ten themes for 2020 in (re)insurance

This publication looks at the 10 most prevalent industry trends for the year ahead.

D&O: New data points to excess pricing surge

However, there's more to re-underwriting an excess book than price alone, Inside P&C analysts noted.

Pulled Lloyd’s capacity since Advent closure totals £1bn

Neon closure brings total number of shuttered syndicates since 2018 to eight.

AIG link with Voya brings 2020 challenges into focus

Speculation linking AIG with a bid for Voya highlights the competing operating and capital allocation challenges facing company in 2020.

Career changes lead to a shakeup in the D&O Rankings

Two professionals win the underwriter rankings and RKH Specialty’s Jason Rose climbs to the top of the broker podium.

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