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The selloff may hint at headwinds for equity investors. -
The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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The broker’s new business and client services division is targeting $400mn of savings.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The insurer booked a $950mn policyholder credit expense in September.
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When owners are not paying attention, discipline and governance are not top priorities.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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Industry stocks were firmly behind the S&P 500 in Q3.
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The specialty insurer posted $800mn in GWP for the first six months of the year.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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