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A one-time impact would be a mid-single digit increase to physical injury auto severity. -
The insurer achieved an 86.4% acceptance rate of the policies selected.
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NY-based PE firm BBH Capital has exited its minority investment following the recap.
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Meco's 2024 gross written premiums totaled $63mn.
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The business insurance segment booked a CoR of 96.2%, up 2.9 points YoY.
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After seven years of premium rate growth, rates are down 5% to 40% across the US.
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The release followed the filing of an updated Plan of Operation.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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The role will unify the P&C and professional and executive risk practices.
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Despite positive inflation headlines, there are issues for insurers under the surface.
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Fortegra launched a sale process months ago with Barclays and BofA advising.
