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Everest Re’s CoR falls 4.1 points, driven by $110mn cat loss reduction
The Bermudian reported $15mn in catastrophe losses for the quarter, down from $125mn in the same period last year.
Research
The firm’s playbook struggles provide valuable insights for its InsurTech competitors as they all navigate a challenging loss cost environment.
The firm’s results and guidance show resilience in the face of economic headwinds.
Chubb’s balanced view of the market as a whole, and pricing and loss cost trends in particular, puts it ahead of the curve on value creation, despite a difficult economic backdrop.
Broker and commercial carrier trends align on economic indicators but diverge on stock performance and 2023 consensus estimates.
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Teri Gendron joins from Jefferies, where she served as chief financial officer since 2014.
Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.
While executives remained upbeat about property rates through 2023, commentary surrounding casualty rates were a bit more cautious, especially on the public D&O space.
The firm’s underlying CoR increased 2.2 points to 87.8% as the insurer saw a margin deterioration in all three of its P&C segments – commercial, personal lines and E&S.
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Opinion
Unreserved: Episode 14 – Zurich's Kristof Terryn
In the latest episode of Inside P&C’s podcast, Unreserved, Zurich North America CEO Kristof Terryn sits down with Inside P&C's editor-at-large, Adam McNestrie.
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Longform Research
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The classic car insurer goes public but might have to pay a price for growth later. -
The Inside P&C Research team looks at what subsectors the new class of InsurTechs is targeting.
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Activist investors are successfully learning how to navigate a regulated industry.
In an interview with this publication, the CEO admitted the transition “took longer than any one of us would have wanted”.
Skyward shares shot up over 27% this morning to $19.15 per share, a development which will likely be closely watched by some carriers with IPO aspirations.
The insurer secured 22 investors with its first public cat bond offering, having previously done a private deal.
Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.
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