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The firm has experienced cumulative property rate increases of over 15%, while its treaty business is seeing rate rises of over 26%. -
Inside P&C’s news team runs you through the earnings results for the day.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
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Around 65% of the carrier’s claims costs were related to medical expenses, which the company attributed to increased costs for care of injured workers driven by healthcare wage inflation and medical advancements.
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This is Burton’s last earnings call as the reinsurer’s CEO, as the firm recently appointed TransRe’s Greg Richardson to succeed him effective January 1.
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The Inside P&C news team runs you through the earnings results for the day.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The Inside P&C news team runs you through the earnings results for the day.
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The CEO said Intact has done in-depth climate modeling “peril-by-peril, province-by-province” covering the next 15 years.
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The 0.75x book value of the recently announced casualty re sale reflected analysis of similar industry deals over roughly 15 years, the executive said.
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