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K2 wins $100mn of AmFam capacity for affordable housing program
The program includes coverage for trailer parks, which house about 20 million Americans.
Bernard Goyder
,
January 23, 2020
S&P cuts ProAssurance credit rating to BBB-
The downgrade comes following the carrier’s disclosure of impacts from a worsening tort environment.
John Hewitt Jones
,
January 23, 2020
More mutual M&A on the horizon: PwC’s Marra
The consultancy said in a new report that insurance deal activity is expected to be “robust” this year.
Bernard Goyder
,
January 23, 2020
Puerto Rico insurance commissioner steps down
The commissioner had been criticised for his handling of claims in the aftermath of Hurricane Maria in 2017.
Bernard Goyder
,
January 23, 2020
Shrinking E&S capacity has ‘created an opportunity’: RLI’s Kliethermes
Excess rates continue to rise after several carriers early last year pulled back from the class.
John Hewitt Jones
,
January 23, 2020
Travelers: Bad news > good news?
On Thursday morning, Travelers reported EPS of $3.32 versus $2.13 YoY and a headline beat versus analyst consensus of $3.29, in part driven by low catastrophe losses (thanks to an aggregate reinsurance recovery).
IPC Research
,
January 23, 2020
ProAssurance falls 11% after $37mn reserve charge disclosure
Shares of Travelers also fell by about 5 percent after the carrier reported its fourth quarter results on Thursday.
John Hewitt Jones
,
January 23, 2020
Travelers beats Q4 expectations as cat losses shrink
The tort-challenged carrier's shares fall sharply despite favourable reserve development.
Samuel Casey
,
January 23, 2020
Florida Family loses A- financial strength rating from AM Best
The action comes amid a period of heightened focus on Florida carriers after Demotech signalled a tough line.
Samuel Casey
,
January 23, 2020
Q4 begins with a medmal bang
Are emerging pressures in medmal receiving enough attention?
Gavin Davis
,
January 23, 2020
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