Personal auto

Headline rate changes at lows not seen since 2007/8, in line with Q2:19 management commentary pointing to growth initiatives, and peak margins at leading firms.

New inflation data shows pricing declines have flattened in August, and rising average severity. Margin pressures continue to build, and frequency remains the wildcard.

With returns well above the group's cost of capital, growth rather than margin expansion will generate the most value.

The deal makes Allianz one of the top three insurers in the country.

The latest fundraise comes after the auto carrier entered the Californian market.

The California Supreme Court refused the insurer’s final appeal against the penalty for illegal auto insurance fees.

New inflation data showed pricing continued to weaken in July as companies pivot to growth. With flat severity, margin pressures are building. Frequency remains the wildcard.

The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.

The InsurTech founded by MIT scientists raised $500mn from heavy-hitter Softbank in December.

The acquisition expands Risk Strategies’ wholesale trucking operations.  

Terms of the deal were not disclosed.

The operations are making moves to help protect the business as an ongoing concern.