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Despite tort reform, physicians’ insurers are struggling with the same loss inflation challenges as other liability peers. -
The deal becomes part of a wave of carrier dealmaking.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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Average incident costs for SMEs were up nearly 30%.
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The case is now headed to appellate court.
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A quick roundup of today’s need-to-know news, including E&S property, Ascendex and more.
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The Chicago-based executive was previously Everest’s CUO of excess casualty.
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The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
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The executive’s skepticism is informed by the industry’s typical approach to cyclicality.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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A process has not been launched and a firm timeline for a liquidity event has not been agreed.
