-
Duda will be the latest exit from Markel after Lodgepine’s closure. -
The move suggests the Markel Cato funds buyout could now finally be concluded.
-
The start-up Bermudian reinsurer has focused initially more on quota share.
-
The mid-year renewal will be a challenge as rates increase to reflect market costs
-
A similar ‘day of reckoning’ could befall many other carriers as 1.6 approaches, the ratings firm said.
-
This is the first month-on-month rise in claims since July 2021, despite last year's reforms.
-
The buyout of the Markel Catco investors is inching toward a resolution.
-
The bond provides annual aggregate industry loss cover for named storm and earthquake.
-
Universal Insurance Holdings books $30.7mn reserve charge and sees $21.5mn in weather above plan for Q4, with shares plunging on the news.
-
State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature.
-
CEO Albert Benchimol pledged to grow the company’s specialty business as the catastrophe portion of its 1.1 book shrank by 10 percentage points.
-
The company lowered its full-year core loss ratio 2.6 points to 55.1% and posted a $266mn full-year underwriting gain.
