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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers. -
A district court judge had dismissed the case in September, with prejudice.
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Attorneys and doctors targeted by the case claim Uber has no standing to bring a Rico suit.
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The carrier combined its E&S primary and excess casualty units into a single group.
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The company announced four internal promotions this week.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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The insurer says defendants billed “exorbitant” fees for non-existent services.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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A favorable nine months for the industry does not solve its underlying problems.
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The executive was most recently head of US casualty at Aon.
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The executives are based in Seattle and New York.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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Casualty rate increases largely stabilized in Q2 and Q3 at 5%-10% for general liability.
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The executive joins from RenaissanceRe.
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The Caymans-based reinsurer’s Q3 CoR was 86.6%, down 9.3 points YoY.
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The mayor-elect has promised to build 200,000 new units in New York City.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Workers’ compensation was the only line that saw a YoY decrease.
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The fashion brand says the insurer failed to defend it in multiple lawsuits.
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The newly installed US vice chair explains why inefficiency drove her from legacy firms.
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The defendant held a $1mn general liability policy with Kinsale.
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The executive noted that an influx of new entrants in the E&S market is increasing competition.
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