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High general liability losses are cause for concern despite modest improvements in other lines. -
Insurance outperformance slows as markets recover from tariff shock.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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Revenue and expenses grew, in part due to the company’s acquisition of Beat Capital Partners.
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The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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New CEO Eckert said Conduit had taken “decisive action” after the LA wildfires.
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Growth in construction projects is increasing the need for coverage.
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Growth and returns on equity fall, but most of the industry is still profitable.
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With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The firm expects to replace the volume with Innovations-channel business.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
