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The Lone Star State has seen rapidly increasing rates in recent years. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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MGA growth is still strong but has passed its 2022 peak.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
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Commercial property premium growth declined 18% in Q1, as rates fell 20%.
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Renewal rates were favorable compared to what could have happened after several hurricanes.
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The Hartford’s Q1 CoR increased 4.1 points to 96.9% driven by cat losses.
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Macroeconomic volatility could also create top-line headwinds.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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Sources said the firm retained Ardea to run the process.
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The Insurance Insider US news team runs you through the earnings results for the day.
