The Hartford
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Opportunities for growth remain in small and medium commercial accounts. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The executive previously spent more than 16 years at The Hartford.
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The insurance industry’s lower reliance on foreign skilled workers softens the blow.
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The executive was previously Navigators’ head of excess casualty.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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Smaller accounts remain less affected by an influx of MGAs.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The insurers sent denial letters to the tech company as lawsuits and damages pile up well into the multi-millions.
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The executive joined The Hartford when it acquired Navigators in 2019.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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The Hartford’s Q1 CoR increased 4.1 points to 96.9% driven by cat losses.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The industry needs to find a way to rebalance power dynamics.
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At the PLUS D&O symposium, executives raised concerns over tariffs and the role of reinsurance.
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The company’s reinsurance business also has some exposure, the executive said.
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The carrier strengthened its GL reserves by $130mn in Q4.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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'Mo’ Tooker will add personal lines to his current position overseeing SME and distribution.
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Worrisome trends in the line may be warning signs of worse to come.
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The insurer also promoted Rick Ciullo to head of global specialty’s US retail businesses.
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The Hartford made the unusual move of calling out current AY development.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Hartford and Aon also posted notable, though more muted, stock bumps.
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The contraction so far this year is in line with the executive’s expectations.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A roundup of today’s need-to-know news, including leadership changes at Chubb.
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Michael Fish will become head of group benefits after Jonathan Bennett’s retirement.
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The carrier is also targeting E&S growth in property brokerage and global specialty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Carriers expressed confidence on the line’s ability to withstand medical inflation.
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Commercial carrier earnings continue to show mixed prior-year development.
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Commercial property pricing rose 11%, while personal auto grew 21.9%.
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Insurance Insider US runs you through the earnings results for the day.
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The insurer said it will continue to renew existing homeowners’ business.
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The commercial lines market is generally rational and disciplined, the CEO told analysts at the Goldman Sachs 2023 US Financial Services Conference.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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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.
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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.
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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.
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The Inside P&C news team runs you through the earnings results for the day.
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The move is a promotion for Hamilton, who served for five years as regional vice president of Southern California.
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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.
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The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.
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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.
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Travelers posts strong results boosted by better pricing, personal lines performance, and favorable development.
