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The insurer’s system has now been out of commission for over two weeks. -
The move follows a recent string of initiatives for Howden in Latin America.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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The research team presents the May cat heatmap.
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The unit will operate via VerTerra Insurance, the company’s E&S insurer.
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The decrease in premiums aligns with price cuts across the market.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The appointments are pending regulatory approval.
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The insurer first noticed “unusual network activity” on June 7.
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Coverage has broadened while limits have increased, the broker said.
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Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.
