-
Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes. -
The Insurance Insider US news team runs you through the earnings results for the day.
-
The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
-
Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
-
The carrier reported an increase of 82% in pre-tax income.
-
More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
-
Rates continue to fall across the state but are firmer in the southeast region.
-
Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
-
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
-
The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
-
The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
-
CEO Rick McCathron also said the company is seeking to diversify its portfolio.
