Research

Do Travelers' Q4 results signal no reserve noise for the rest of the group?

Strong results from Travelers without the anticipated reserving woes might be more reflective of the franchise than the overall industry trend.

Amit Kumar, Maria Lamberton, Husain Rupawala, January 23, 2024

Q4 earnings preview: Could this be a kitchen sink quarter?

Reserves, loss cost inflation, and pricing trends would be front and center in what will be an overall good quarterly earnings season due to the lack of large losses.

Amit Kumar, Maria Lamberton, Husain Rupawala, January 16, 2024

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Aspen re-IPO takeaways: Dusting off the Brit (Apollo) playbook

The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.

Amit Kumar, Maria Lamberton, Husain Rupawala, January 09, 2024

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2024 US P&C insurance industry outlook: Reserving clouds gather

2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.

Amit Kumar, Maria Lamberton, Husain Rupawala, January 02, 2024

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November CPI: Keep the rate accelerator pressed!

Cooling CPI metrics and improving loss ratios indicate a positive shift for the personal auto industry, but results are not yet back to where they need to be.

Amit Kumar, Maria Lamberton, Husain Rupawala, December 13, 2023

Global Indemnity suspends Penn-America sale: Limited read-across for E&S M&A

The suspension of Global Indemnity’s effort to sell its E&S arm is likely specific to the franchise rather than an indicator of a dealmaking slowdown.

Amit Kumar, Maria Lamberton, Husain Rupawala, December 11, 2023

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November rate filings: It’s too soon to call this race in personal lines

Personal auto carriers risk falling behind in the battle between loss costs and approved rate declines, while homeowners carriers’ double-digit filings might not be enough to keep up.

Amit Kumar, Maria Lamberton, Husain Rupawala, December 07, 2023

Reciprocals: An MGA alternative making a comeback

Reciprocals have been cropping up more recently, with a shift toward cat-exposed lines, giving investors a quick way to tap into the hard market with an expectation of a rich multiple at exit.

Amit Kumar, Maria Lamberton, Husain Rupawala, December 06, 2023

Short interest, earnings and stock performance: What correlation!

The latest short interest data shows continued pessimism on InsurTechs and Florida insurers.

Amit Kumar, Maria Lamberton, Husain Rupawala, November 29, 2023

James River sale: The best worst-case option (and how much it might fetch)

James River’s potential sale could be an opportunity for an investor looking to tap the E&S market, but reserving noise means making a deal might not be easy.

Amit Kumar, Maria Lamberton, Husain Rupawala, November 21, 2023

How to buy an InsurTech MGA: The art and science of valuation

The Insurance Insider US Research team walks buyers through valuation considerations for InsurTech MGAs, as capital constraints point to further consolidation.

Amit Kumar, Maria Lamberton, Husain Rupawala, November 16, 2023

Auto loss cost CPI metrics slow, but carriers aren’t out of the woods yet

Slowing loss cost trends may signal relief ahead, but only if carriers remain vigilant on rate action until we are past the peak.

Amit Kumar, Maria Lamberton, Husain Rupawala, November 15, 2023