Liberty Mutual
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market. -
The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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When owners are not paying attention, discipline and governance are not top priorities.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company.
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The broader legislation narrowly passed the Senate and now heads to the House.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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Fallon will retire in January 2026 after 30 years at the company.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Scott Pegram had been at Liberty Mutual for over six years in various senior roles.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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The executive has been with the firm since 2011.
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“Models aren't going to tell you what the emergent risks today are,” Dolan said.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Hits to personal auto, workers’ compensation led to a drop in NWP.
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Korte had been serving as interim president of the unit since December.
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The new CEO hints at expansion into MGA markets.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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The carrier has seen increased legal system abuse in US small commercial and excess and umbrella.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Customers will keep their agent relationship and policies will not be impacted.
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A quick roundup of our best journalism for the week.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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The carrier has seen two other exits from its US tax team this year.
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The appointment will be effective January 1.
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The renewal book has auto, home, renters and condo policies, among others.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
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Insurers are fighting to recoup claims they have paid out.
