Insurers
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The trucking carrier has been building out its executive team this year. -
The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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Sources said the Floridian insurer has been working with Deutsche Bank on the listing preparations.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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The company announced four internal promotions this week.
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London-based Tristram Prior will transfer to Bermuda to lead the line of business.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The policy includes a $200mn limit with an additional $100mn for side A coverage.
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Canopius will continue to be one of several capacity providers to the MGA.
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The highest portion of losses was experienced in Alberta.
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The CEO said that new funding will be used to expand its underwriting capabilities.
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The Republican said his office has launched an investigation into the denials.
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The executive co-led the US financial institutions business at BHSI.
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Ford had purchased a builder’s risk policy from the insurer.
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The company announced several moves Monday, including the promotion of Nancy Pierce to Geico CEO.
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The years-long legal battle was brought on by a former employee alleging wrongful termination.
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The PE fund says Argo failed to indemnify it for costs related to a probe by New York’s attorney general.
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NY lawmakers are preparing a legislative package to address insurance costs in the Empire State.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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The acquisition brought four collector vehicle MGAs to the carrier’s existing collector vehicle portfolio.
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A favorable nine months for the industry does not solve its underlying problems.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Texas was up over 25%, though California and Florida both recorded reductions.
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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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The executive was previously the cyber practice lead for Ryan Financial.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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The carrier said it anticipates a better market due to recent reforms.
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Light cat losses at year-end portend capital deployment and return decisions in 2026.
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The payment will cover what the filing called “foregone incentives at his former employer”.
