Q1 earnings themes: Cat losses, property hardening, auto malaise

May 08, 2023

Higher-than-expected cat losses, a significant hardening of the property market and ongoing loss cost challenges in the personal auto space have all been features of Q1 conference calls for carriers so far this earnings season.

A number of convective storms, severe winds and hail all led to high cat losses, many of which were disclosed in Q1 pre-announcements.

For

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