Cincinnati Financial

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.

Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.

New business written premiums were up in the commercial and E&S segments, but decreased in personal lines.

This brings the carrier’s total limit on the program to $1.8bn.

The Insurance Insider US news team runs you through the earnings results for the day.

The January wildfires did little to hamper their appetite, apart from California.

The LA fires and spring storms drove CinFin's CoR up 19.7 points to 113.3%.

The Insurance Insider US news team runs you through the earnings results for the day.

The carrier is only going to write new business on E&S paper, sources said.

Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.

The losses do not change the near-term assessment of CinFin’s balance sheet strength.

The estimated net effect on Q1 premium revenue is a decrease of $50mn to $60mn, executives said.

The Insurance Insider US news team runs you through the earnings results for the day.

The promotions are in the commercial/life and personal/specialty operations.

Cincinnati Re reported $38mn of cat losses in Q3 that included $18mn for Hurricane Helene.

The Insurance Insider US news team runs you through the earnings results for the day.

Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses.

CinFin added reserves in Q2 after incurred losses emerged higher than expected.

A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.

The Insurance Insider US news team runs you through the earnings results for the day.

This was offset by a $108mn reserve charge for years 2021 and prior.

The Insurance Insider US news team runs you through the earnings results for the day.

Umbrella was "modestly profitable" in 2023, despite challenges in 2022.

Insurance Insider US runs you through the earnings results for the day.

Current CEO Steven Johnston will remain as executive chairman.

“The loss ratio has certainly been under pressure with inflation and increased cat activity, but we're confident in where it's headed and seeing a lot of opportunity out there,” Spray told analysts on Friday.

AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year

At the same time, insurers are assessing the level needed to address loss cost trends.

Overall, the executive said the company feels “really good and bullish” about the personal lines business for both its HNW and middle market books.

The Inside P&C news team runs you through the earnings results for the day.

Inside P&C’s news team runs you through the key highlights of the week.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The regional cohort keeps pace with nationals on pricing, and stays ahead on reserving trends.

The events were widespread, but each was under $100mn in size.

Overall, the carrier reported a combined ratio of 100.7% for the quarter, which was 10.8 points higher than the prior year period.