Results
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The CEO said he is “optimistic” about the future of the commercial space.
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The $6.7bn Chubb investment is an outlier in the Berkshire portfolio.
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Expense ratios modestly increase for commercial but continue to decline for personal lines.
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An overview of Q1 earnings shows upsides, but also plenty of concerns going into the rest of 2024.
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Analysis of 2023 statutory data shows that Californian insurers are leaning more heavily on reinsurers but at a nationwide level, premium cessions were more stable.
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Along with D&F, Fidelis is looking to grow in marine construction and aviation.
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The company plans to reduce its quota share to 20% from 40%.
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These cedants could offer the firm access to support their casualty and specialty lines as well.
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The bridge disaster added 6.3pts points to the company’s overall CoR in Q1.
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During Q1, the firm’s E&S GWP dropped 6.6% to $213.7mn.
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The loss ratio in the business that HCI assumed was also better than anticipated.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Yesterday, the carrier reported its Q1 CoR improved 2.3 points to 111.6%, reflecting a better CAY loss ratio.
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New leaders of these reinsurers have started strong, but Axis still has work to do.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
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Long-run loss cost trends in the US are at 6.5% as a result.
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The insurance arm’s CoR declined 4 points to 89.3% on lower cat losses.
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AIG sees improvement from tightened underwriting, though value creation has yet to catch up.
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President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The action comes in addition to a $55mn unfavorable development in GL in Q4 2023.
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Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
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The specialty insurer reported 27.2% Q1 top-line growth and a lower CoR of 89.6%.
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The exits represent less than 2% of the company’s insurance segment operations annually.
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The primary casualty book was down by “some 26-odd percent from the prior year”.
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The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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The Insurance Insider US news team runs you through the earnings results for the day.
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There was no material development on long-tail casualty lines across all years, he said.
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The company plans to grow exposure for June 1 and July 1 renewals.