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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn. -
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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Sales velocity ticked up to 12.2% in Q2 but has remained steady in the past five years.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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The CEO said the carrier will prioritise margin over top-line growth.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The executive has previously served on VCIA’s board of directors.
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The insurer said it expects to begin writing business by the end of the month.
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The executive joins from Coalition and brings more than 30 years of experience.
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In an interview, the firm’s CEO spoke about the CV deal, growth and its M&A pipeline.
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