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A favorable nine months for the industry does not solve its underlying problems. -
Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The company expects to have $415mn to $430mn of third-party written premium in Q4.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reserve strengthening stemmed from bodily injury and defense costs for accident years 2023 and prior.
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Slide does expect a “meaningful” amount of takeouts for this month and next.
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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 now posted rate increases for 37 consecutive quarters.
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The company is also prepared for potential M&A activity.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
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Casualty rates in Q3 rose 6.1% driven by increases in commercial auto, energy and excess liability.
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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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Both the primary and reinsurance segments benefitted from a light cat year.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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CEO Greg Case said data center demand could generate over $10bn in new premium volume in 2026.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Dairy and livestock products within the agricultural unit were main growth drivers in Q3.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The CEO said the carrier is seeing sequential PIF growth in several states.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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The LA fires were a microcosm of “everything we do well when things go bad”.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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Opportunities for growth remain in small and medium commercial accounts.
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Rate pressure on wind and quake partially offset overall Q3 programs growth.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The Insurance Insider US news team runs you through the earnings results for the day.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The specialty carrier’s share price fell nearly 7% on the day of the call.
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The company sees itself in a “very strong position” in the state.
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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 saw growth accelerate in its property and casualty segments.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Pre-tax cat losses were down 63% from the prior year quarter to $285mn.
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A quiet wind season is also expected to further soften the property market.
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The CEO also said that the “bloom is off the rose” in the E&S property market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Early Q3 earnings reports point to worsening market conditions.
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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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Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
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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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