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InsurTech short interest dwarfs legacy insurers as they come under pressure to produce profits. -
Changes in short interest were muted despite large stock moves, including big rises at HCI and Lemonade.
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The period when underwriters were over-reliant on submissions from clients is coming to an end.
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The personal lines giant's results are showing a reversion to pre-pandemic trends.
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New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
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P&C stock movement in May centered on pricing commentary and economic recovery, with little impact from the forecast above-average hurricane season.
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A surge of ransomware and other cyberattacks is driving premiums higher as losses increase, part of a broader trend of hardening across US commercial P&C lines.
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Sources say the pipeline operator has at least $15mn in cyber insurance cover.
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Aon’s Friday release concluded the first-quarter broker earnings season on a high note with the record-breaking profit and highest brokerage organic growth since 2003.
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Schweinzger, who was also Acrisure’s chief acquisitions officer, is a victim and a witness in the case and is facing no criminal charges.
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Further details of the proposed remedies to the European Commission are revealed.
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Proposed remedies match prior reporting from this publication over the last month.
