Commercial E&S
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel. -
Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.
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Despite a softening market, underwriters were still able to attain up to 10% above technical pricing.
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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Jason Keen joined Everest in 2022 as head of international.
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APIP is one of the world’s largest property programs.
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Haney will remain on board as a senior adviser.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Old Republic said the acquisition is expected to close in 2026.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The CEO also said that the “bloom is off the rose” in the E&S property market.
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.
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As the Great Japanese M&A Contest develops, the executive said inorganic expansion is “a top priority”.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
