Results
-
The latest short interest data shows continued pessimism on InsurTechs and Florida insurers. -
Insider US’s morning summary of the key stories to get you up to speed fast.
-
CEO Mark Cloutier attributed the performance to increased investment income, driven by a higher rate environment, as well as increased fee income from Aspen Capital Markets, which “enhanced” the quality of earnings.
-
The group's third-quarter underwriting income was $74.8mn, compared with an underwriting loss of $89.4mn in Q3 2022.
-
The net cat loss ratio dropped to 0.4% from 1.8% in September, but the consolidated loss ratio deteriorated 2.4 points to 75.5% during the same period.
-
A quick roundup of this week’s biggest stories.
-
The firm has experienced cumulative property rate increases of over 15%, while its treaty business is seeing rate rises of over 26%.
-
Inside P&C’s news team runs you through the earnings results for the day.
-
The Inside P&C news team runs you through the earnings results for the day.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
-
Around 65% of the carrier’s claims costs were related to medical expenses, which the company attributed to increased costs for care of injured workers driven by healthcare wage inflation and medical advancements.
Most Recent
-
AIG to raise $718mn from Corebridge secondary offering
December 01, 2023 -
Citizens Property Insurance targeted in Senate Budget Committee probe
December 01, 2023 -
M&A weekly roundup: USI, King, Higginbotham and more
December 01, 2023 -
PCF Insurance Services’ Foy passes CEO baton to Morgan
December 01, 2023