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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The executive briefly exited the firm last month for a role at Marsh.
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The company also encouraged insurers and brokers to support the initiative.
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Rising inflation could raise claims severity but also increase investment income.
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Laure Forgeron has worked at the Swiss carrier since 2009 in numerous senior positions.
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Cardinal E&S expands the carrier's underwriting capabilities and makes it more competitive relative to peers.
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The class can collectively challenge State Farm’s property claims calculations.
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On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
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All lines except workers’ comp are up year over year, however.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
