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Berkshire’s CEO succession will represent a paradigm shift
Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.
Research
The latest short interest data shows continued pessimism on InsurTechs and Florida insurers.
James River’s potential sale could be an opportunity for an investor looking to tap the E&S market, but reserving noise means making a deal might not be easy.
The Insurance Insider US Research team walks buyers through valuation considerations for InsurTech MGAs, as capital constraints point to further consolidation.
Slowing loss cost trends may signal relief ahead, but only if carriers remain vigilant on rate action until we are past the peak.
Latest news
In addition, Westaim COO Robert Kittel also resigned from Skyward’s board while Tony Kuczinski was named lead independent director.
After joining the firm in 2018 from Chubb, Cox oversaw the carrier’s Markel Specialty and Markel International divisions.
Commissioner Lara’s 2019 mandate, ordering FAIR to offer a more comprehensive insurance package beyond its historical “fire-only” coverage, has now survived a second court challenge.
In tandem, the carrier announced that Stephanie Bush, who leads small commercial and personal lines, will retire after more than three decades with the company.
More News
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Need to Know: Berkshire Hathaway, Markel, Universal NA
December 01, 2023 -
Aon approves Ambac-backed Embrace Partners as wholesale broking partner
November 30, 2023 -
HCI’s CORE receives certificate of approval to operate in Florida
November 30, 2023 -
Ryan Specialty’s CorRisk taps Nash as president
November 30, 2023
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Aon’s Marcell forecasts ‘more orderly’ 1.1 with ‘broadly flat’ pricing
November 30, 2023 -
At-Bay, Measured team up with AWS to speed quotes for cyber coverage
November 30, 2023 -
Markel board authorizes $750mn share repurchase program
November 30, 2023 -
InsurTech Cover Whale hires SiriusPoint’s Siry as COO and CTO
November 30, 2023
Opinion
Opinion
Colorado homeowners’ market ‘on pins and needles’ as cat losses mount
Carriers have sought to restore profitability through a mix of rate hikes, policy restrictions and localized non-renewals and moratoriums on new business.
Most Read
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Opinion: Will the Corvus-Travelers deal trigger a wave of InsurTech M&A?
November 22, 2023
“Unfortunately, it's a situation of getting rate to fund [the litigation costs] and being able to stay in the market long term,” Taylor told Insurance Insider US in an interview.
The executive estimated nearly 30 fronting carriers in the market right now and anticipates that condensing to 10 to 15 fronts.
The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
Resilience CEO and co-founder Vishaal Hariprasad said cyber rates are expected to even out, and possibly creep back up, in the near term.
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ILS London Conference 2024
Further information coming soon...
Upcoming industry events
6 - 8 March 2023
The Bermuda Business Development Agency (BDA) looks forward to welcoming back leading risk specialists to enjoy engaging thought-leadership sessions, cutting-edge keynote presentations, and C-suite networking opportunities, during the second annual Bermuda Risk Summit 2023.
Upcoming webinars
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In partnership with S&PJoin us for a webinar hosted in partnership with S&P Global Market Intelligence on December 6 at 10:30 ET/15:30 GMT
