RLI
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The executive’s skepticism is informed by the industry’s typical approach to cyclicality. -
On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The segment is also seeing double-digit loss cost inflation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The latest E&S player planning to IPO remains a “show me” story.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Auto severity continues to be an ongoing challenge for the industry.
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The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier saw 16% growth during the quarter.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Moody’s RMS forecast total insured losses from Helene of $8bn-$14bn.
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Executives flagged elevated packaged auto loss activity in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Changes in investment strategy and strong results show carriers can weather financial storms.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Competition, particularly from MGAs, is expected to accelerate in 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Michael served as RLI CEO for around 20 years until he stepped down from the specialty insurer in 2021.
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Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions.
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The event cost the carrier $66mn, including $14mn related to reinstatement premiums on its catastrophe treaties.
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