The Hartford

The carrier’s E&S property book is “up 29%, with 25 points of rate”, said the executive.

Executives have pointed out that it is becoming increasingly difficult to talk about broader trends as micro-cycles are developing for each line.

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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At the same time, insurers are assessing the level needed to address loss cost trends.

The carrier is set to achieve 20% rate increases in auto this year, with the same rate increase likely to be needed in 2024 to achieve its 2025 targets.

The Inside P&C news team runs you through the earnings results for the day.

The move is a promotion for Hamilton, who served for five years as regional vice president of Southern California.

The company achieved renewal written price increases of 10% in the first quarter and expects increases to accelerate into the high teens later this year.

The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.

The carrier booked $185mn in catastrophe losses from winter storms, as well as tornado, wind and hail events across several regions of the US, in line with its preliminary disclosure.

Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.