Insurers
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The sale price represents Elephant’s approximate net asset value. -
The business will divide into US wholesale and specialty, and programmes and solutions.
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The law imposes limits on third-party litigation funding, among other changes.
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The insurer has not yet announced a successor for the 32-year company veteran.
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The BRIC program helped fund local resiliency programs, which can reduce loss costs.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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Hill will replace Frank Sapio in the role.
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Industry bellwether results and commentary don't indicate a crisis, despite uncertainty.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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After seven years of premium rate growth, rates are down 5% to 40% across the US.
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The release followed the filing of an updated Plan of Operation.
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