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Persistent social inflation challenges evident across key long-tail lines at half-year mark. -
High H1 reserve releases of $7.4bn were driven by the largest of carriers.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Profitability improves, even as growth stagnates.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The insurer said it expects to begin writing business by the end of the month.
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The company plans to launch in New York and New Jersey next year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
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The Insurance Insider US news team runs you through the earnings results for the day.
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