-
The executive’s exit follows CEO Joseph Lacher’s resignation last week. -
The specialty carrier’s share price fell nearly 7% on the day of the call.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
Workers’ comp rates dropped again, but the decline slowed from last quarter.
-
The bill includes provisions to encourage retrofitting homes in high-risk areas.
-
The company sees itself in a “very strong position” in the state.
-
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
-
APIP is one of the world’s largest property programs.
-
September’s medical care index increase follows a 0.2% drop in August.
-
While limited to only some accounts, it’s a sign of the intense competition in the segment.
-
A canvassing of the cyber market suggests the impact will be negligible.
-
The carrier recently expanded its reinsurance product suite in Bermuda.
-
The range allows “for information that could emerge beyond what is known today”.
-
Haney will remain on board as a senior adviser.
-
Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
-
The appointments are aimed at offering a clearer team structure.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Property insurance rates declined by 9%, the same as in the prior quarter.
-
Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
-
WTW’s Jessica Klipphahn will take over as head of North America mid-market.
-
Old Republic said the acquisition is expected to close in 2026.
-
The company saw growth accelerate in its property and casualty segments.
-
By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
-
The reinsurer also hired Martin Bages as Latin America and Caribbean head.
