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The Insurance Insider US news team runs you through the earnings results for the day. -
The preferred shares will mandatorily convert to common equity on an IPO.
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The offering launched last week with a valuation between $103mn and $116.8mn.
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The MGA market now makes up 10% of the overall P&C market.
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But there’s little concern about those pressures creeping into SME accounts.
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Older accident years, targeted markets business contributes to adverse development.
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IGI saw opportunities in energy, ports and terminals and marine cargo but remains cautious in long-tail lines.
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California homeowners are also expected to move admitted business to E&S.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
