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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums. -
Joseph Lacher will step down as president and CEO and resign from the board.
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Fronting doesn’t look any better when it’s broken down by segment.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
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While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
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Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
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Commercial auto saw the largest rate change, which was down about a half point by the end of July to 7.96%.
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Appointments include leadership in transportation, energy, marine and others.
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