Research

Research

9M reserve releases outpace 2024 despite worsening loss costs

Sizable reserve releases offsetting casualty reserve charges cannot last forever.

Noah Marchese, November 21, 2025
CIAB commercial lines rate analysis

CIAB Q3: Rates continue to moderate as the soft market approaches

Softening rates amid worsening loss costs paints an uncertain future for the industry.

Noah Marchese, November 18, 2025
Research

Commercial auto strikes back

Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.

Amit Kumar, November 14, 2025
Research

Brokers Q3: The long war for growth ensues

Success in the soft market will be had when careful preparation meets opportunity.

Noah Marchese, November 04, 2025
Stock check-in

October stock check-in: P&C gets left behind in Q3 earnings

Fears of the oncoming soft market are causing a sector rotation away from P&C.

Henry Meiners, November 03, 2025
Research

Everest’s re-pivot strategy cements its place in the penalty box

A re-focus on reinsurance nearly brings Everest back where it started.

Amit Kumar, October 30, 2025
Research

Specialty in Q3: We have entered the transitional phase

Normalized growth and peak multiples confirm we are headed towards a Darwinian race.

Amit Kumar, October 27, 2025
Cat heatmap

September cat heatmap: Light at the end of the hurricane season tunnel

Cat losses in Q3 were light as peak hurricane season passes without incident.

Noah Marchese, October 22, 2025
Research

Q3 early read: Soft market monster gets closer

Early Q3 earnings reports point to worsening market conditions.

Amit Kumar, October 20, 2025
Fronting in depth

Fronting Part II: Writing a lot of business doesn’t make it good business

Fronting doesn’t look any better when it’s broken down by segment.

Amit Kumar, October 14, 2025
Research

Q3 earnings preview: All quiet on the property-cat front

Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.

Noah Marchese, October 10, 2025
Research

How will reinsurers deploy excess capital after a quiet hurricane season?

Expansion into adjacent markets, capital return and M&A among top means of capital deployment.

Noah Marchese, October 06, 2025