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AIG sees improvement from tightened underwriting, though value creation has yet to catch up. -
President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The action comes in addition to a $55mn unfavorable development in GL in Q4 2023.
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Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
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The specialty insurer reported 27.2% Q1 top-line growth and a lower CoR of 89.6%.
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The exits represent less than 2% of the company’s insurance segment operations annually.
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The primary casualty book was down by “some 26-odd percent from the prior year”.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
