companies
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The mutual has written about $50mn in premium in a little over two months, while working with four distribution partners in targeting risks with around $10mn in TIV.
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Supply chain disruptions are impacting material costs and timelines, but the Biden administration’s legislation promises growth.
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Real Estate Insurance has provided real estate E&O insurance and cyber liability products across 32 states in the US.
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Willis is accusing its blue-chip rival of conspiring with its former employees to pilfer some of its reinsurance brokerage clients in Florida, causing “irreparable harm".
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The carrier’s underlying loss ratio, excluding the effects of catastrophes and prior-year developments, improved to 63% in Q3 from 68.8% the previous year.
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Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
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Increasing cat costs will drive the focus on modelling and price adequacy, the intermediary said.
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Adrien Robinson, who took over for Vince Tizzio as the head of The Hartford’s specialty brand Navigators in June, also said his unit was planning its second biggest hiring spree in over a decade.
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Jillian Slyfield will assume the responsibilities of current chief innovation officer, Tony Goland, who will retire at the end of 2021.
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Discussing froth in the MGA M&A market, the RPS CEO said the first rule of doing deals was that “you can never pay enough for a good one, or pay little enough for a bad one”.
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The wholesaler also said the ultimate size of industry claims from Winter Storm Uri and Hurricane Ida were less relevant than shock unmodeled loss components.
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The veteran executives will report to Argo commercial specialty president Gary Grose.
