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Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property. -
Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Early results suggest another strong quarter with a variety of driving forces.
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The US casualty market was “challenging”, the executive said.
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Property rate increases decelerated to 3% in the quarter.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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Corrective actions revealed by Travelers in the first-quarter earnings could set the stage for similar moves from peers
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The HNW carrier will launch in Canada this year, starting with Ontario.
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The insurer is currently transitioning Corvus' ‘profitable’ $200mn book of business.
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Underlying improvement was driven by a decrease in the personal lines core CoR.
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Light cat losses, reserve development, and pricing trends are key topics in Q1.
