Kinsale

Industry trends show the Axis book value growth goal may be hard to hit.

The company reported 25.5% increase in GWP, down from the 40% growth in prior years.

The Insurance Insider US news team runs you through the earnings results for the day.

General liability represented the largest share of Kinsale’s reserves.

The Insurance Insider US news team runs you through the earnings results for the day.

Michael Kehoe will relinquish the president’s role to COO Brian Haney and assume board chairmanship but will remain company CEO.

The carrier believes its existing reserves account for any liability relating to claims.

At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The stock closed at $342.87 per share, down 19.56% from yesterday’s close of $426.22.

On a conference call with analysts, CEO Michael Kehoe described high growth rates from over the last five years as an “anomaly” and warned investors of possible "mean reversion” ahead.

AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year