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High general liability losses are cause for concern despite modest improvements in other lines. -
Inflation indices fell in April, but some items related to P&C are still elevated.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
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The MGA market now makes up 10% of the overall P&C market.
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The company has reduced its exposure on large commercial auto and property.
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The executive has been with the firm’s underwriting team for over 12 years.
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The Lone Star State has seen rapidly increasing rates in recent years.
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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024.
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Despite positive inflation headlines, there are issues for insurers under the surface.
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Data, technology and telematics could turn the struggling sector profitable.
