Research series

MMC's Q3 restores optimism on JLT synergies & growth

On its Q3 earnings call on Tuesday, MMC played up revenue synergies following vivid signs that JLT cost synergies are already working out.

IPC Research, October 30, 2019

Is Chubb still a growth story?

Chubb's moment of truth on growth arrives

IPC Research, October 30, 2019

Broker cognitive dissonance just got harder (much like the market...)

Brown & Brown released new investor materials that include bullish pricing data points all over the place.

Dan Lukpanov, October 28, 2019

Mercury: 4% sequential rise in frequency & severity

On Monday morning, Mercury General reported disappointing earnings for the quarter, including a 30% decline in its operating EPS to $0.78 per share. The result missed analyst estimates of $1.15 per share. The shares closed down 11%.

IPC Research, October 28, 2019

It's the cheating phase, stupid

CNA Q3 operating EPS fell 68% YoY to $0.37 per share missing consensus estimate of $1.02, as both P&C and Life & Group operating results weakened – driven by the first adverse development in P&C since Q1-15 and a charge related to life reserves.

IPC Research, October 28, 2019

Brokers: The expectations escalator

The dynamic facing brokers appears clear: on one hand, they've been operating with the wind at their back. On the other, tailwinds led to expectations that appear to only be accelerating.

IPC Research, October 25, 2019

Brokers begin to change mood music as AJG says rate increases 'make a lot of sense'

Brokers appear to be no longer resisting rate increases, but are focused on prepping clients for rate increases and training staff to sell those rate rises.

IPC Research, October 24, 2019

California in focus as Employers reports 'meaningful' increases

The company said increases were needed to address “generally unfavorable pricing trends in the market place”.

IPC Research, October 23, 2019

WR Berkley: So where's the growth?

Despite the bullish tone, there remains something of a mystery in WR Berkley’s numbers that is worthy of attention.

IPC Research, October 23, 2019

Travelers: This is an ex-canary

Our view is that Travelers is the proverbial canary in the coal mine for the industry on social inflation loss trends. And this is an ex-canary.

IPC Research, October 22, 2019

Standalone terrorism market attracts greater interest as Tripra renewal looms

(Re)insurers are already preparing contingency plans in case the programme fails to renew.

James Thaler, October 22, 2019

BB&T: Pricing accelerated in Q3, momentum continues in Q4

BB&T’s Q3 reported earnings Thursday again raised expectations for the broker segment as the bank’s insurance unit reported 8.7% organic growth with expanded YoY margins, and higher insurance pricing.

IPC Research, October 17, 2019