US winter storm losses likely to exceed $10bn: AIR
The modeller said it is “likely” that the number of claims could exceed the high of Hurricane Harvey in 2017.
by Anna Sagar | February 25, 2021
The modeller said it is “likely” that the number of claims could exceed the high of Hurricane Harvey in 2017.
The carrier has also named Jeremiah Bickham as incoming CFO and Michael VanAcker as COO.
The Floridian’s new joint venture is called Journey Specialty Insurance Company.
Former senior Verizon executive Michael Millegan has also become a director.
The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.
The company’s CEO Mac Armstrong said the launch of its E&S company allowed it to grow commercial lines GPW by 95% in 2020.
David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.
CEO Dan Peed says the company will develop direct-to-consumer products and work on improving the carrier’s underwriting performance.
The carrier believes the rising casualty claims count will continue post-Covid-19.
by Inside P&C Research | February 24, 2021
The med-mal specialist’s results served as a memo to the state of the industry facing a plethora of challenges.
by Inside P&C Research | February 23, 2021
Rates across all account sizes and most lines of business decelerated in the fourth quarter.
by Inside P&C Research | February 23, 2021
The insurer reported 4.2pts of unfavorable development from December based on late reported claims.
by Inside P&C Research | February 18, 2021
On its fourth quarter call, AIG management shared it received “quality” interest from parties willing to acquire a minority interest in its life and retirement business.
Current levels of premium inflation are well below any metrics seen going back as far as January 1999.
The claims toll is likely to be exacerbated by loss amplification from a shortage of contractors and demand surge.
Comp is a line where prices continue to soften on the back of favorable loss trends and elevated competition.
Does the commercial auto specialist offer its acquirer any key differentiation?
The carrier has also named Jeremiah Bickham as incoming CFO and Michael VanAcker as COO.
The Floridian’s new joint venture is called Journey Specialty Insurance Company.
Former senior Verizon executive Michael Millegan has also become a director.
The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.
The company’s CEO Mac Armstrong said the launch of its E&S company allowed it to grow commercial lines GPW by 95% in 2020.
David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.
CEO Dan Peed says the company will develop direct-to-consumer products and work on improving the carrier’s underwriting performance.
The carrier believes the rising casualty claims count will continue post-Covid-19.