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Headwinds weigh on carrier results, but premiums and surplus remain mostly stable. -
Glatfelter CEO Chris Flatt will become interim chief executive.
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The homeowners' CoR fell over 32 points sequentially to 75.8%.
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It follows Las Vegas intermediary Insurvia, which launched an auction last year.
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The deal comes after Insurvia was seeking a new sponsor.
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Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
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Premium inflation holds, as loss-cost inflation trends continue to moderate.
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A January freeze saw temps drop to close to -50°F.
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The CPI all items index was at 3.2%, from 3.1% in January.
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Commercial lines difficulties continue to weigh down industry results.
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Sizeable investment returns masked 10-year high underwriting losses.
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Personal lines rate filings are rising, even as some inflation drivers slow.
