-
Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs. -
The company has now posted rate increases for 37 consecutive quarters.
-
Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
-
Normalized growth and peak multiples confirm we are headed towards a Darwinian race.
-
Workers’ comp rates dropped again, but the decline slowed from last quarter.
-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
-
Fronting doesn’t look any better when it’s broken down by segment.
-
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
-
The broker will now have access to an M&A war chest for inorganic growth.
-
The WCB has denied the allegations, claiming its decisions were based on “reasonable investigations”.
-
The deal values the Onex-backed P&C broker at over $7bn.
-
Persistent social inflation challenges evident across key long-tail lines at half-year mark.
