The Hartford
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The protracted firming phase of the cycle continues, with E&S firmer than the admitted market.
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Insurance stocks mixed following swath of earnings results; Aon gains nearly 7% in Friday trading.
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The deal with National Indemnity provided up to $300mn in limit for more than $100mn in adverse development above the $1.8bn of loss reserves Navigators had at the end of 2018.
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The insurer said transforming portfolio to mostly six-month policies will help it enact price corrections in the auto LOB more quickly than in the past.
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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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Underwriting profits within the insurer’s personal lines unit dropped to $45mn from $154mn the year before.
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The executive will report directly to the carrier’s head of global specialty Adrien Robinson.
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Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.
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The vote was part of ongoing bankruptcy proceedings following a string of historical sexual abuses.
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The Inside P&C research team looks forward to the big issues of the new year.
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Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.
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The higher level of repurchases seen in Q3 will likely last longer than expected.