Research series

Last quarter in describing the market, RLI’s COO Craig Kliethermes said “disruption is oxygen in this business”. Judging on the Q3 results, the entire firm must be feeling light headed.

IPC Research, October 16, 2019

Progressive: A leading or lagging indicator on commercial auto BI severity?

On Wednesday, Progressive reported somewhat disappointing earnings for September, including significant deterioration in its commercial auto results.

IPC Research, October 16, 2019

Q3 earnings preview

“Forgive me IBNR, it’s been 7-years since my last confession”

IPC Research, October 15, 2019

P&C valuations up despite weakening earnings estimates

P&C valuations are hovering right below cycle highs as earnings projections wane

Dan Lukpanov, October 05, 2019

Tokio Marine makes a pure bet on HNW

We take a look at the four big bets that stand behind Tokio's $3.1bn acquisition of high net worth insurer Pure.

IPC Research, October 03, 2019

P&C Stock Hit All-Time High Amid Benign Q3 Cats; Yields Rebound

Insurance stocks capped off a strong month of September, where P&C stock indices reached all-time highs and the Inside P&C Select outperformed the S&P 500 by 230bps.

Inside P&C, September 30, 2019

Private brokers: What lurks beneath the tip of the iceberg

Private brokers continue acquisition driven growth and deliver high margins, but deferred integration costs and elevated leverage remain issues to watch.

Dan Lukpanov, September 27, 2019

Personal: Rates at cyclical lows

Headline rate changes at lows not seen since 2007/8, in line with Q2:19 management commentary pointing to growth initiatives, and peak margins at leading firms.

Gianluca Casapietra, September 26, 2019

D&O: Data shows risk appetite shift accelerating

The level of restructuring of coverage in the quarter and the breakdown of price increases by month point to a change in risk appetite.

Inside P&C team, September 17, 2019

Progressive: More unfavorable development as margin pressures continue

The firm experienced around $28mn in unfavorable development – its 10th month of adverse out of the last 11.

Gianluca Casapietra, September 13, 2019

Auto: Premium inflation plateaus

New inflation data shows pricing declines have flattened in August, and rising average severity. Margin pressures continue to build, and frequency remains the wildcard.

IPC Research, September 12, 2019

Lloyd’s trade capital crunch threatens weaker syndicates

Scor and PartnerRe are not alone in signalling reduced appetite for the £2bn corporate member market.

Adam McNestrie, September 11, 2019