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US winter storm losses likely to exceed $10bn: AIR

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.

NEWS

RSG promotes Turner to group president in senior leadership reshuffle

The carrier has also named Jeremiah Bickham as incoming CFO and Michael VanAcker as COO.


United Holdings to launch new E&S market platform

The Floridian’s new joint venture is called Journey Specialty Insurance Company.


Axis appoints former AGCS chief Theis to board

Former senior Verizon executive Michael Millegan has also become a director.


Axa XL strikes $2.55bn ADC deal with Enstar

The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.


Palomar Q4 underwriting turns negative on cats, reinsurance costs

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.


BMS hires former RenRe adviser for US property treaty role

David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.


United Holdings launches Skyway InsurTech subsidiary

CEO Dan Peed says the company will develop direct-to-consumer products and work on improving the carrier’s underwriting performance.


Liberty remains ‘pretty negative’ on D&O and casualty loss trends: CEO Long

The carrier believes the rising casualty claims count will continue post-Covid-19.


More Latest News >
P&C INTELLIGENCE BRIEFING (PCIB)

ProAssurance: Medmal – Never say never again?

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.

CIAB Q4: The pricing cycle is dead, long live the cycle!

by Inside P&C Research | February 23, 2021

Rates across all account sizes and most lines of business decelerated in the fourth quarter.

Progressive: Frequency benefits on the decline?

by Inside P&C Research | February 23, 2021

The insurer reported 4.2pts of unfavorable development from December based on late reported claims.

AIG: Make AIG great again, again

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.

More PCIB >
INSIGHTS

January CPI: Auto premium inflation on the rise

Current levels of premium inflation are well below any metrics seen going back as far as January 1999.

Texas winter storm: Claim severity the ‘$18bn question’

The claims toll is likely to be exacerbated by loss amplification from a shortage of contractors and demand surge.

Workers’ comp: All good things must come to an end

Comp is a line where prices continue to soften on the back of favorable loss trends and elevated competition.

Progressive-Protective: A headscratcher of a deal

Does the commercial auto specialist offer its acquirer any key differentiation?

More Insights >
NEWS

RSG promotes Turner to group president in senior leadership reshuffle

The carrier has also named Jeremiah Bickham as incoming CFO and Michael VanAcker as COO.


United Holdings to launch new E&S market platform

The Floridian’s new joint venture is called Journey Specialty Insurance Company.


Axis appoints former AGCS chief Theis to board

Former senior Verizon executive Michael Millegan has also become a director.


Axa XL strikes $2.55bn ADC deal with Enstar

The two-layer arrangement includes a 10% retention and involves a premium of just under $1.4bn.


Palomar Q4 underwriting turns negative on cats, reinsurance costs

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.


BMS hires former RenRe adviser for US property treaty role

David Cameron’s appointment to the Minnesota-based role follows property hires for Philadelphia and Chicago.


United Holdings launches Skyway InsurTech subsidiary

CEO Dan Peed says the company will develop direct-to-consumer products and work on improving the carrier’s underwriting performance.


Liberty remains ‘pretty negative’ on D&O and casualty loss trends: CEO Long

The carrier believes the rising casualty claims count will continue post-Covid-19.


More Latest News >
Most read
  1. Axa XL strikes $2.55bn ADC deal with Enstar
  2. SiriusPoint to cut property catastrophe exposure: Third Point Re
  3. Global Aerospace leads United Airlines and Pratt & Whitney policies
  4. Corant close to break-even in Q4 as revenue up 13%
  5. Axis appoints former AGCS chief Theis to board

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