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The company is also prepared for potential M&A activity.
The SME and middle market segments remain ‘pretty healthy’.
The Insurance Insider US news team runs you through the earnings results for the day.
She joins the brokerage after 18 years at Canada’s Intact.
But there’s little concern about those pressures creeping into SME accounts.
The Insurance Insider US news team runs you through the earnings results for the day.
The supply chain in personal auto, and the impact on inflation are areas of concern.
The Insurance Insider US news team runs you through the earnings results for the day.
IFC corporate director and chairman of IFC GSL advisory board Clarke will succeed Miller.
Ken Anderson, CFO for RSA, will succeed Marcotte.
Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
The Insurance Insider US news team runs you through the earnings results for the day.
The losses are "well above expectations" and above 2024 cat loss guidance.
Low Q2 cat losses spurred combined ratio improvement, but wildfires and floods loom.
The Insurance Insider US news team runs you through the earnings results for the day.
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
The Insurance Insider US news team runs you through the earnings results for the day.
Scott Reinke joins the specialty insurer’s transactional surety team from Arch.
Insurance Insider US runs you through the earnings results for the day.
She will have responsibility for Intact’s Quebec, West, Ontario and Atlantic divisions.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The CEO said Intact has done in-depth climate modeling “peril-by-peril, province-by-province” covering the next 15 years.
The Inside P&C news team runs you through the earnings results for the day.
The new number, an update from the C$570mn ($419mn) estimate reported on August 31, reflects non-weather events.
The business generated written premiums of £530mn in 2022 and had an average combined ratio of 96% across 2021 and 2022.
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The executive said inflation isn’t completely gone but is now “more understood”. -
The Insurance Insider US news team runs you through the earnings results for the day.
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State regulators have largely avoided enforceable AI regulations, but bad news could change that.
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Some disagreement remains in where rate declines have been swiftest and how much further they could go.
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The regulations are designed to address long-term solvency concerns.
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Erbig joins after more than 20 years in finance-related positions at Liberty Mutual.
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
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Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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Cat losses in Q3 were light as peak hurricane season passes without incident.
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Early Q3 earnings reports point to worsening market conditions.
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The selloff may hint at headwinds for equity investors.
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The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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State Farm is under investigation as its premiums have been rising “drastically".
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Activists from the left and the right are focusing on insurance, often on the same issues.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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When owners are not paying attention, discipline and governance are not top priorities.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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The promotions are part of the carrier's strategy to increase property-liability market share.
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The risk also ranked as a top three concern for companies of all sizes.
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Cat losses in August were below historical trends, but we are not in the clear just yet.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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The ratings agency cited enhanced scale and diversification through organic growth.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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Insider Outlook: Year in Review
From cat losses from wildfires and hurricanes to litigation battles to the shifting commercial insurance landscape — these are the stories that defined our industry in the last 12 months.
In celebration of Insurance Insider US Honors Awards, please enjoy our Year in Review video.
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Commercial lines rate increases slow to 3.8%: WTW
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Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
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