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In other property, Helene and Milton will assure rates remain attractive, he added. -
D&O and D&F are also facing increased competition, but property remains price adequate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Executives were speaking after the company’s Q3 CoR rose 5.6 points to 103.9%, driven by 22 points of cat losses.
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No named storms exceeded AFG’s $70mn cat retention.
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Earnings call commentary shows pockets of casualty reserve strengthening for AY 2020-2023.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Casualty submissions rose over 70% while property increased over 20% YoY in Q3.
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The carrier is seeing competition in all areas, including small private business and large public.
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The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
