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Old Republic pulls capacity from M&A insurance MGAs in class exit
Sources said that Archer Transactional and BlueChip Underwriting will continue operating with existing paper providers.
Research
The firm’s trajectory could, however, make it harder to meet guidance going forward.
Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
Insider on Air
Callum Roberts, Professor of Marine Conservation at the University of Exeter, explains ocean carbon storage and its role in climate change.
Bill Cooper, Managing Director with Howden Capital Markets & Advisory, discusses insurance market trends, M&A projections, MGA expansion and ILS insights.
Nadia Beckert, Group Head of Property Reinsurance for The Fidelis Partnership, shares insights on market outlooks, AI integration and the challenge of attracting new talent in the evolving reinsurance industry.
Robert Wiest, CEO of MS Reinsurance, discusses trends in the casualty market, social inflation and renewal expectations at the PwC Insurance Summit in Bermuda.
Latest news
A quick roundup of today’s need-to-know news, including Old Republic, WR Berkley, US commercial rates and more.
By contrast, capacity remains tight at the lead level.
Sources said the ~C$55mn Ebitda business retained RBC to run the strategic review.
James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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Opinion
‘Cone of uncertainty’ larger for recent casualty AYs: RenRe’s Amen
There’s a question mark around the tails of AY 2021-2023, the president said.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
The North Dakota insurance commissioner told this publication that AI and resiliency are also top of mind.
After one good year, giving back margin now will be “inexcusable”, the executive said.
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