RLI
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GWP growth slowed to about 17% on the year, versus the 22% increase in Q1 2022. -
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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The specialty players are better placed than the commercial lines cohort with pricing and growth outperforming the broader market.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive added that the specialty carrier purchased roughly $100mn more reinsurance in its catastrophe tower for both hurricane and earthquake exposure.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company’s underwriting income spiked 99% on the year to $59.5mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier had a minority stake in the eyewear firm.
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The new offering is underwritten by specialty insurer RLI and covers home and offsite exposures such as general liability, equipment, furniture, fixtures and inventory.
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Stock prices fluctuated, and InsurTech short-sellers took some profits.
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The carrier purchased $100mn of additional catastrophe reinsurance, effective January 1, to support its property business growth.
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