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Normalized growth and peak multiples confirm we are headed towards a Darwinian race. -
Workers’ comp rates dropped again, but the decline slowed from last quarter.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
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Joseph Lacher will step down as president and CEO and resign from the board.
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Fronting doesn’t look any better when it’s broken down by segment.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
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While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
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Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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