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Latest Intact News from Insurance Insider US
She joins the brokerage after 18 years at Canada’s Intact.
But there’s little concern about those pressures creeping into SME accounts.
The Insurance Insider US news team runs you through the earnings results for the day.
The supply chain in personal auto, and the impact on inflation are areas of concern.
The Insurance Insider US news team runs you through the earnings results for the day.
IFC corporate director and chairman of IFC GSL advisory board Clarke will succeed Miller.
Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
The Insurance Insider US news team runs you through the earnings results for the day.
The losses are "well above expectations" and above 2024 cat loss guidance.
Low Q2 cat losses spurred combined ratio improvement, but wildfires and floods loom.
The Insurance Insider US news team runs you through the earnings results for the day.
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
The Insurance Insider US news team runs you through the earnings results for the day.
Scott Reinke joins the specialty insurer’s transactional surety team from Arch.
Insurance Insider US runs you through the earnings results for the day.
She will have responsibility for Intact’s Quebec, West, Ontario and Atlantic divisions.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The CEO said Intact has done in-depth climate modeling “peril-by-peril, province-by-province” covering the next 15 years.
The Inside P&C news team runs you through the earnings results for the day.
The new number, an update from the C$570mn ($419mn) estimate reported on August 31, reflects non-weather events.
The business generated written premiums of £530mn in 2022 and had an average combined ratio of 96% across 2021 and 2022.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The estimated losses relate to a number of events in July and August, none of which met the threshold for reinsurance under Intact's catastrophe treaties.
The executive said he was prepared to accept volatility rather than passing margin to reinsurers.
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Competitor news
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Court documents show Travelers subsidiary Northfield Insurance is the insurer. -
The research team presents the June cat heatmap.
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Pricing slowdown and reserving concerns are the hot-button topics as earnings kick off.
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Behind the Headlines Podcast
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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In Partnership With ArchAbout 80-90% of the global economy is based on intangible assets, said Ian Lewis, Head of Intangible Assets for Arch Insurance International.
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In Partnership With AXISFacing increased existential pressures, businesses are seeking more robust financial lines protection, said Mark Paccione, head of retail financial lines, lower middle markets, for AXIS.
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From Insurance Insider US
HSCM among stock sellers in Slide’s $408mn IPO
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
From Insurance Insider US
Compre appoints HSCM’s Bardon to newly created CUO role
Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
In Partnership With
Swiss Re Corporate Solutions
From Insurance Insider
Climate change remains a ‘pervasive threat’ to economy: Swiss Re CorSo North America CEO McGrath
Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.