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Nuclear verdicts of $100mn+ hit all-time high in 2023: USCC
The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
Research
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
Overly optimistic loss picks and worrying trends cast a shadow on best Q1 results in years.
Changes in investment strategy and strong results show carriers can weather financial storms.
The $6.7bn Chubb investment is an outlier in the Berkshire portfolio.
Latest news
The firm now predicts six major hurricanes and 24 tropical storms.
AIG is maintaining its initial 'unlawful misappropriation' suit against Dellwood.
His promotion to chief executive was announced in March.
Additional capacity for upper layer coverage is driving rate reductions, the broker says.
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HCI Group completes 2024 treaty reinsurance program
May 30, 2024
Opinion
Workers’ comp needs a clear path forward on mental injury cover
Mental health problems account for 52% of all workplace injury cases.
Most Read
Reid spoke about M&A, organic growth, remaining an employee-owned private firm and the expected disruption in US broking.
The FTC issued a final rule on April 23 banning the use of non-competes nationwide.
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
The firm doubled its premiums in the past three years after launching in specialty.
Upcoming conferences & awards
ILS US Conference 2024
Venue: TBC, New York
Further information coming soon...
London Market Conference 2024
Venue: TBC, London
Further information coming soon...
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Join Insurance Insider, in partnership with Moody’s RMS, for a free webinar 10:30 ET/3:30 BT on June 27
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Upcoming industry events
Baden-Baden Reinsurance Meeting 2024
Venue: Baden-Baden city
Event details TBD