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Nationwide will delegate management of the policies to Ryan Specialty.
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The SME and middle market segments remain ‘pretty healthy’.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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The company provides management workflow for residential contractors.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Smaller accounts remain less affected by an influx of MGAs.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The company adjusts its rate options to expand California business under the new cat model.
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The insurers sent denial letters to the tech company as lawsuits and damages pile up well into the multi-millions.