Hagerty’s Q3 loss ratio jumps 15 points to 56% on Ian losses and increased reserving
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Hagerty’s Q3 loss ratio jumps 15 points to 56% on Ian losses and increased reserving

Hagerty logo corvette.jpg

Classic car underwriter Hagerty’s loss ratio jumped 15 points to 56% in the third quarter, driven by $10mn in retained losses from Hurricane Ian and reserve strengthening amid higher loss severity in US liability lines.

While Hagerty has thus far been able to avoid deteriorating personal auto loss trends – an indication that collector car driving trends are inherently distinct, as Inside P&C Research’s team previously discussed – the company has seen increased severity...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article