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Activist investors continue to tighten the screw on the insurer’s management team. -
The more important driver of past downswings in loss costs has been unemployment.
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The reserve charge reported in quarterly earnings may have opened the door for activists.
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Let’s get you up to speed on some of this week’s key M&A deals.
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The $130mn-$140mn reserve charge undermines the management case that it can turn the business around.
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The MGU said it will use the fresh funds to refinance its existing bank facility and to support strategic growth initiatives.
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The Ohio-based carrier announced the new board appointments as part of a senior management reshuffle, in which five executives were promoted to senior vice presidents.
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The executive said the pandemic had ratcheted up the level of volatility faced by clients.
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Lindsay Plotkin joins the construction start-up after more than two years at Allied World, where she served as general casualty and construction senior underwriter.
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Based in Minneapolis, the executive will oversee the retailer’s growth strategy at its energy practice.
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Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.
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Casualty rate hikes moderate, though areas like wildfire liability remain difficult amid an ever-more litigious environment.
