Losses

Insurance association GDV says car claims accounted for more than half of the total.

The Toronto-based firm will continue to be managed by its current team.

Market sources said most of ITC’s marine liability cover is written by an Aon general liability line slip.

A rule-of-thumb calculation suggests Boeing’s grounding liability sub-limit may already have been breached.

The building on Manhattan’s Seventh Avenue is home to financial services firms and law firm Willkie Farr & Gallagher.

The insured loss tally rises 7.8 percent from the data aggregator’s April figure.

The total, as of last month, represents a doubling of the total since November.

The insurance company has been placed under regulatory supervision after Hurricane Maria losses exhausted its reinsurance.

Chubb, Allstate and Liberty Mutual are among insurers seeking reimbursement for claims from the utility.

The deterioration pushed the retro fund’s 2018 loss to 46.7 percent for C shares.

The class, which has experienced a string of recent losses, will now be written from Argo’s Bermuda platform.

The Japanese carrier plans to grow its European base and focus on specialty lines.