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Hanover news from Insurance Insider
The company is also pursuing “deconcentration” to lower SCS exposure.
The Insurance Insider US news team runs you through the earnings results for the day.
The coverage will only be available in Illinois and Michigan at first.
The executive will continue to lead personal lines and core commercial.
Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
The carrier anticipates the impact of the wildfires to drive January cat losses up to $40mn.
The Insurance Insider US news team runs you through the earnings results for the day.
Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4.
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.
The executive said the company remains optimistic about small commercial, where NWP grew 8.5% in Q2.
The Insurance Insider US news team runs you through the earnings results for the day.
The losses primarily resulted from severe convective storm activity.
Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
The Insurance Insider US news team runs you through the earnings results for the day.
Markel, Axis and Selective booked sizeable reserve charges in their liability segments.
Insurance Insider US runs you through the earnings results for the day.
She joined The Hanover in 2015 and since 2018 has served as CUO of technology and life sciences underwriting.
Marohn will lead the company's E&S business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers.
Its Q3 cat losses of $196mn primarily resulted from severe convective storms in the region, and drove the overall combined ratio to come at 104.4%.
The Inside P&C news team runs you through the earnings results for the day.
A clear commonality is already emerging much as it did in the previous quarter, when severe convective storms – particularly hail – also dominated.
The carrier’s cat loss estimate for Q3 2023 is more than twice Q3 2022’s $90.1mn, which included $28mn attributable to Hurricane Ian.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The migration is due to admitted carriers not being able to get the rate filings approved in a lot of the states – an issue that is extending beyond California and Florida, to the east coast.
Competitor news
Competitor news
Competitor news
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The executive joined The Hartford when it acquired Navigators in 2019. -
Allstate attributed the bulk of its losses to three major wind and hail events.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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In Partnership With AXISAXIS recently entered a partnership with Project Healthy Minds. “We live in a world that is fairly uncertain… the notion of feeling comfortable and talking about mental health needs is critically important,” said Vince Tizzio, president and CEO of AXIS, during an interview with Phil Schermer, founder and CEO of Project Healthy Minds, and Insurance Insider’s Meg Green.
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In Partnership With MSIG USAOver the next six to eight months, MSIG USA will continue its US expansion with new hires and new products, including launching cyber coverage, said Peter McKenna, CEO of MSIG USA, at RISKWORLD in San Diego.
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In Partnership With Munich ReHeading into hurricane season, the property insurance market continues to face the impact of inflation and severe convective storms, said Martin Neuhaus, president, Munich Re Facultative & Corporate North America at RISKWORLD in San Diego.
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From our other titles
From our other titles
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State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
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Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
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Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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