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The underwriting venture, Florida Re, will target both US and LatAm markets. -
Commercial auto and excess umbrella continue to face upward pressure.
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The executive was previously Guy Carpenter’s head of sales in New York.
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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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Last week, the insurer placed ~450 staff at risk of redundancy in its international business.
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The lawsuit names additional attorneys, doctors and medical practices.
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A hurricane watch is now in effect for the Louisiana coastline.
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The company is currently “underweight” in that line of business, he added.
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A roundup of today’s top news, including AIG, Tropical Storm Francine and a Rico lawsuit.
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Improved profitability has led some insurers to increase their own retentions.
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