Insurers
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The S&P 500 outperforms as P&C tumbles on mixed earnings. -
The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The newly created role consolidates leadership across UK entities.
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The carrier also benefitted from favourable reserve development in property and A&H.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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California posted a 47% jump YoY, from a 28.4% rise in June.
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The Canadian insurer saw property rates dip across its global divisions, but it had strong rate on liability.
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On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In liability, the carrier is steering away from where inflation has been volatile.
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The executive formerly held roles at At-Bay, AIG and Hiscox.
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DB reiterated that no final decisions have been made regarding a potential deal.
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