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Kemper books $51mn pre-tax reserve charge in specialty auto on BI and defense costs: CFO

The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
Research
Research
Success in the soft market will be had when careful preparation meets opportunity.
Fears of the oncoming soft market are causing a sector rotation away from P&C.
A re-focus on reinsurance nearly brings Everest back where it started.
Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
Latest news
Latest news
A quick roundup of today’s need-to-know news, including Lockton, Chubb, Allianz, Exzeo, and more.
Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
The Marsh-placed account renews its all-risks cover on 16 November.
Perspectives
Perspectives
When owners are not paying attention, discipline and governance are not top priorities.
Unpacking how much excess capital there really is and dissecting the source of its returns.
Here’s the five-pillar playbook for insurers ready to move from pilots to profit.
Despite elevated ROEs, insurers have remained disciplined.
Interviews
M&A
Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
The company is looking to grow through its new MGA incubator program.
SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
M&A
As the Great Japanese M&A Contest develops, the executive said inorganic expansion is “a top priority”.
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Analysis
Analysis
Some disagreement remains in where rate declines have been swiftest and how much further they could go.
While limited to only some accounts, it’s a sign of the intense competition in the segment.
Activists from the left and the right are focusing on insurance, often on the same issues.
M&A
Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
Insider on Air
Insider on Air
In Partnership with FurtherAI
AI has shifted from a theoretical discussion to having a real impact across the entire insurance value chain, said Aman Gour, Founder and CEO, FurtherAI.
In Partnership with Allianz
Use of technology is likely to separate the “leaders from the laggers” in the MGA/program business space, said Shanil Williams, CEO, Allianz Commercial, Americas.
In Partnership with Arch
Property remains both a challenge and an opportunity for insurers, said Brian Farrell, SVP Program Management Lead, P and C Programs, Arch.
In Partnership with Falvey Insurance Group
MGAs need to remain focused to succeed, said Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group.
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