In its pre-renewal report covering policy year 2022-23 and prior years, Gallagher Specialty reported that during 2022-23 the 2020-21 P&I policy year underwriting result improved by $2.2m and stood at a loss of $678.1m. Claims incurred deteriorated by $27.0m, whilst net premium improved by $24.2m. The majority of this was attributable to excess calls on…
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