The Hartford
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Christopher Swift says more rate is needed in some areas including the London market and certain excess lines. -
The second week’s reporters continued to build upon the theme of rate momentum likely translating into ROE expansion.
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The carrier’s CEO says the pace of new lawsuits against the carrier is now largely in line with its peers.
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The carrier achieved rate rises of about 11% across its US commercial lines portfolio during Q4.
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The carrier's results during the quarter were also hurt by a $184mn reserve charge.
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Inside P&C’s research team examines some of the areas that will be closely watched during the results season.
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The scheme is expected to commence following the report of Q4 earnings, and last until the end of 2022.
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Brett Brownell has joined the business from WKFC and previously worked at Beazley.
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The potential for an inflection point on pricing in the near future was a key Q3 conference call theme.
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The ratings agency has also lowered the ICR of The Hartford subsidiary.
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Insurance stocks hurtled upwards on a Biden victory and bullish vaccine news.
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Bob Gulino has worked at the carrier for over two decades.
