Casualty/GL

CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.

Ascot Group named Matthew Lillegard to its newly created post of group chief actuary on Wednesday, the latest in a flurry of hires.

Rate increases for all-sized accounts and across all lines of business slowed to 10% in the first quarter, down from 10.7% in Q4, according to recent survey data from the Council of Insurance Agents and Brokers (CIAB).

Manuel Giner and Shawn O’Neill are now senior managing directors at the business.

But rates remain in positive territory and pockets remain hard even as competition picks up.

Demotech rates around 400 insurers in the US, most of which write cover in the admitted lines market.

Andrew Belisle joins the business from transactional liability MGA ASQ Underwriting.

The trade association elects Worldwide Facilities CEO Davis Moore as president.

The carrier believes the rising casualty claims count will continue post-Covid-19.

The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.

Michelle Glass was most recently SVP and casualty team lead at the German reinsurer.

Excess casualty market hardening continues into the new year, although pace of rate rises may slacken.