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Property rates are under pressure, with some accounts seeing rate decreases. -
For many, it could be a “wake-up call” to the systematic exposures inherent in cyber.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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The carrier’s CoR increased 15.9 points YoY to 116.1% on unfavorable GL development.
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The carrier purchased an additional $150mn of cover.
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The firm strengthened GL reserves by $250mn, for AY 2021-2023.
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The carrier’s underlying combined ratio improved 3.4 points year on year to 87.7%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The losses primarily resulted from severe convective storm activity.
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The executive said challenging loss cost trends were contributing to rate rises.
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