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Registrations open for the 27th AIO African Reinsurance Forum
Published on September 18, 2023
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AM Best negative on US homeowners, says return to underwriting profit unlikely in 2023
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Global ratings agency AM Best has revised its outlook for the U.S. homeowners segment to negative from stable, citing the deterioration of underwriting results, rising loss costs, inflation, firm reinsurance market conditions, and the retreat from catastrophe-exposed states.AM Best notes that its negative outlook reflects a number of ongoing challenges that have served to weaken results in the seg
Vesttoo notes some creditors question independence of its internal investigation
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred.In a statement released by the beleaguered insurtech, Vesttoo notes that some of the creditors to its bankruptcy are questioning the independence of the initial investigation, which it only notes “has been commenced”, suggesting it is not yet over and there will be more information to c
