Insurers
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Property MGA Arden Insurance Services specialises in multi-family habitations. -
The company plans to launch in New York and New Jersey next year.
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The estimate covers property and vehicle claims.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The company also purchased $15mn of SCS parametric coverage.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Mercury’s recovery from the guaranteed percentage of losses is $47mn.
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Insured losses produced the second highest first-half tally since records began in 1980.
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At least 14 new companies have opened up shop in the state in recent years.
