Stocks
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The Hartford and Aon also posted notable, though more muted, stock bumps.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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The carrier’s CoR increased 15.9 points YoY to 116.1% on unfavorable GL development.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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Investor skepticism visible in stock prices and short interest data over first half of 2024.
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Onex has proposed an alternative sale structure, which includes R&Q’s potential liquidation.
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Analysis of company performance post-IPO shows varying trajectories over time
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Changes in investment strategy and strong results show carriers can weather financial storms.
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The $6.7bn Chubb investment is an outlier in the Berkshire portfolio.
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The conglomerate exited its $620mn position in Markel, which it has held since 2022.
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An overview of Q1 earnings shows upsides, but also plenty of concerns going into the rest of 2024.
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New leaders of these reinsurers have started strong, but Axis still has work to do.