Cincinnati Financial
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The LA fires were a microcosm of “everything we do well when things go bad”. -
The Insurance Insider US news team runs you through the earnings results for the day.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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New business written premiums were up in the commercial and E&S segments, but decreased in personal lines.
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This brings the carrier’s total limit on the program to $1.8bn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The January wildfires did little to hamper their appetite, apart from California.
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The LA fires and spring storms drove CinFin's CoR up 19.7 points to 113.3%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier is only going to write new business on E&S paper, sources said.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The estimated net effect on Q1 premium revenue is a decrease of $50mn to $60mn, executives said.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The promotions are in the commercial/life and personal/specialty operations.
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Cincinnati Re reported $38mn of cat losses in Q3 that included $18mn for Hurricane Helene.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses.
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The Insurance Insider US news team runs you through the earnings results for the day.
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This was offset by a $108mn reserve charge for years 2021 and prior.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Umbrella was "modestly profitable" in 2023, despite challenges in 2022.
