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D&O and D&F are also facing increased competition, but property remains price adequate. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
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No named storms exceeded AFG’s $70mn cat retention.
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The company has written over $100mn in gross premium in the US this year.
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The carrier increased specialty premium by 39% by the nine-month mark.
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Earnings call commentary shows pockets of casualty reserve strengthening for AY 2020-2023.
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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
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