The Hartford
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The surge likely reflects talk in the buy-side community fuelled by tracking the latter's private jet.
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The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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The newcomers are finding it more difficult to disrupt the sector than they had expected.
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Employment data indicates that easy growth and margin expansion may slow soon.
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In a landmark hearing, a Delaware judge struck down a provision that would have allowed the Boy Scouts of America’s withdrawal from its April agreement with The Hartford.
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The firm’s earnings set it on the path of great expectations for 2022-2023.
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The company is considering pricing actions, primarily in the homeowners’ line, as inflation accelerates.
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The carrier’s cat losses fell to $128mn, from $248mn last year, when it was hit with $110mn in civil unrest claims.
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Brodzinski will report to Adrien Robinson, who was recently named head of global specialty.
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Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.
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The legal case involving the Boy Scouts of America and The Hartford remains at an impasse, after holders of abuse claims rejected the insurer’s settlement offer.
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The Boy Scouts of America (BSA) and lawyers for sexual assault victims are close to a settlement in the largest bankruptcy case ever filed over childhood abuse, according to a report in the Wall Street Journal.