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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.
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Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The carrier reported an increase of 82% in pre-tax income.
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The move will impact around $50mn of gross written premiums in total.
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Its partnership channel grew three times in new writings year-over-year.
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Rates continue to fall across the state but are firmer in the southeast region.
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Social inflation is driving non-renewals, while CoRs are up for P&C and casualty.
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The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
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CEO Rick McCathron also said the company is seeking to diversify its portfolio.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The loss was driven by nat cats and reserve adjustments in US casualty.
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The company reduced its proportional quota share program from 55% to 20% cession.
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The company also purchased $15mn of SCS parametric coverage.
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The professional lines market remains ‘challenging’ overall, however.
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The specialty reinsurer also saw several bad investments hit the books.
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The carrier’s US redomicile is expected for later this year and brings a one-time $10mn-$13mn benefit.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company has also expanded its relationships with US and UK MGAs.
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The S&P 500 outperforms as P&C tumbles on mixed earnings.
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The carrier also benefitted from favourable reserve development in property and A&H.
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The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The Canadian insurer saw property rates dip across its global divisions, but it had strong rate on liability.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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On Q2 calls, carrier executives called out fierce competition in various lines of business, and a misalignment of interest.
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The president expects to see benefits from the deal in H2 2026.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In liability, the carrier is steering away from where inflation has been volatile.
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CEO Roche said that “significant price increases” are still to come, however.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The SME and middle market segments remain ‘pretty healthy’.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
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Pricing was “virtually flat” in the second quarter.
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The CEO said business remains adequately priced in most classes.
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The carrier is reducing its exposure to quota shares and shifting to XoL.
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The carrier said market dynamics were shifting due to increased capacity.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The broker posted a 6.5% drop in organic growth YoY.
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New business written premiums were up in the commercial and E&S segments, but decreased in personal lines.
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This brings the carrier’s total limit on the program to $1.8bn.
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Smaller accounts remain less affected by an influx of MGAs.