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In an economic downturn, the kneejerk reaction is to treat insurance and risk management as a cost. -
Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
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MGA platforms, however, are seeing higher multiples than those in retail.
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A quick roundup of today’s need-to-know news, including Chubb, Berkshire, GI Partners and more.
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The executive had previously been at Aon for over 15 years.
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The program is designed to address a changing risk environment.
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The platform will focus on acquiring MGAS across lines of coverage.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The Insurance Insider US news team runs you through the earnings results for the day.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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A quick roundup of today’s need-to-know news, including AIG, Fairfax and more.
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