RLI
-
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.
-
Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
-
The segment is also seeing double-digit loss cost inflation.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The latest E&S player planning to IPO remains a “show me” story.
-
The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Auto severity continues to be an ongoing challenge for the industry.
-
The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier saw 16% growth during the quarter.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Moody’s RMS forecast total insured losses from Helene of $8bn-$14bn.
-
Executives flagged elevated packaged auto loss activity in Q2.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Changes in investment strategy and strong results show carriers can weather financial storms.
-
The casualty segment posted $18mn of favorable reserve development across multiple accident years.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Competition, particularly from MGAs, is expected to accelerate in 2024.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Michael served as RLI CEO for around 20 years until he stepped down from the specialty insurer in 2021.
-
Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions.
-
The event cost the carrier $66mn, including $14mn related to reinstatement premiums on its catastrophe treaties.
-
On the company’s Q3 earnings call, COO Jennifer Klobnak said the E&S property division grew 39%, including via a 42% rate increase.
-
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 estimate is based on the impact to approximately 200 structures where RLI provided primarily homeowners’ insurance.
-
Flows to the E&S market remain strong, executives have said, while dislocation in the property space continues to buoy overall pricing conditions.
-
The January decision affected the company’s ability to offer primary-only policies and it subsequently did not believe the business model was viable long term.
-
The Inside P&C news team runs you through the earnings results for the day.
-
Management was speaking after RLI reported a Q1 combined ratio of 77.9% for Q1 2023, unchanged compared to the prior-year quarter, as top line growth accelerated sequentially to 15.6%.
-
The specialty carrier booked $4mn of net incurred losses associated with 2023 storms.
-
RLI renewed its property per-risk treaty with an estimated 40% risk-adjusted rate increase, and the first dollar retention went up to $2mn.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The insurer’s NWP grew 14.4% to $298mn, while GWP rose almost 14% to $384mn in Q4.
