Insurers
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The Insurance Insider US news team runs you through the earnings results for the day. -
Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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Everest’s US wholesale business is seeking to expand its market presence.
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The only major product line to see rate increases was casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Of the $170mn cat losses outside LA wildfires, US cat activity accounted for 74% and international cats 26%.
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Severe weather in March drove monthly and Q1 losses to historic highs.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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Reserve releases at Chubb rose to $255mn from $207mn a year ago.
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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024.
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