The Hartford
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In tandem, the carrier announced that Stephanie Bush, who leads small commercial and personal lines, will retire after more than three decades with the company. -
The Hartford is "starting a conversation” about complex risks and possible solutions with its Risk Monitor Report 2023, the executive said.
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier’s Spectrum property business grew 13%, general property in the middle market segment was up 13% as well, and large property grew 16%.
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AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year
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Secondary perils are adding uncertainty, while modelling is still relatively unsophisticated.
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The carrier’s E&S property book is “up 29%, with 25 points of rate”, said the executive.
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Executives have pointed out that it is becoming increasingly difficult to talk about broader trends as micro-cycles are developing for each line.
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Flows to the E&S market remain strong, executives have said, while dislocation in the property space continues to buoy overall pricing conditions.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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At the same time, insurers are assessing the level needed to address loss cost trends.
