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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024. -
The sale price represents Elephant’s approximate net asset value.
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Marsh alleges Aon also went after its clients as well as its employees.
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The specialty insurance platform has now exceeded $3.1bn in premiums.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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Insurance Insider US explores the economics of the lift-out growth strategy.
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The CUO’s turnover closely follows that of the CEO.
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The insurer's professional liability reinsurance book shrank by around 25%.
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The law imposes limits on third-party litigation funding, among other changes.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
