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Storms in the UK and Ireland drove losses in the commercial segment. -
The coverage will only be available in Illinois and Michigan at first.
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The program is being launched through subsidiary Southern Marine.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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The 12 insurers together have $418mn in policyholder surplus.
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What past trends can tell us about the future of commercial reserving.
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The prediction comes after a highly active hurricane season in 2024.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
