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He will replace Scott Lee, who is retiring after 40 years in claims. -
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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A one-time impact would be a mid-single digit increase to physical injury auto severity.
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The insurer achieved an 86.4% acceptance rate of the policies selected.
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The program will provide excess casualty coverage across a broad range of industries.
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NY-based PE firm BBH Capital has exited its minority investment following the recap.
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Meco's 2024 gross written premiums totaled $63mn.
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The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
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The release followed the filing of an updated Plan of Operation.
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A quick roundup of today’s need-to-know news, including Howden, Risk Strategies, Fortegra and more.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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The role will unify the P&C and professional and executive risk practices.
