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The selloff may hint at headwinds for equity investors.
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The firm also expects to increase share repurchases in Q4 to roughly $1.3bn.
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The broker’s new business and client services division is targeting $400mn of savings.
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The carrier reported favorable reserve development of $22mn compared to $126mn in Q3 last year.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The insurer booked a $950mn policyholder credit expense in September.
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When owners are not paying attention, discipline and governance are not top priorities.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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Industry stocks were firmly behind the S&P 500 in Q3.
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The specialty insurer posted $800mn in GWP for the first six months of the year.
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Persistent social inflation challenges evident across key long-tail lines at half-year mark.
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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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The executive said the floor on D&O pricing is in sight.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.