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The executive will continue to lead CRC Insurisk in the expanded role. -
Wind season remains an important variable, but also might not change current dynamics significantly.
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The carrier has been steadily increasing loss trend estimates.
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Casualty rates increased 4% globally but shot up 9% in the US.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The move consolidates the company’s leadership of primary and excess construction casualty lines.
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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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All lines except workers’ comp are up year over year, however.
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Rate gains are easing across many commercial and personal lines.
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Peter Cordell will join Syndicate 1729 in January.
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