Selective underlying CoR increase propelled by non-cat property lines: CEO Marchioni
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Selective underlying CoR increase propelled by non-cat property lines: CEO Marchioni

Selective logo with Marchioni.jpg

Selective CEO John Marchioni said that the company’s underlying combined ratio has been pressured by non-cat property losses, as a result of higher severity driven by the increasing costs of repairing and replacing property.

Speaking to analysts on a conference call, the executive noted that the solution is “not about replacing parts of the portfolio”, but rather, it is about pricing and “making sure our exposure is accurate”.

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