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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding. -
The move is a retaliation to Howden’s US retail launch.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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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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Company alum David Murie will lead the new business unit.
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A quick roundup of today’s need-to-know news, including Alkeme, American Integrity, SiriusPoint and more.
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The executive has previously served on VCIA’s board of directors.
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