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Across the P&C industry, sentiment expressed on Q3 conference calls has improved since pandemic lows.
Skyward Specialty has indicated its intent to IPO at a time when investors may be looking for good entry points, though the window of opportunity may be closing.
Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.
Our Trump/Biden note from yesterday discussed the rotation from growth stocks to value stocks playing out over 2022. Unfortunately, insurance technology stocks have had it the worst, with Lemonade stock down 49%, but still doing relatively better than Root (down 86%) and Hippo (down 80%).
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Brian First was previously CUO of programs, property and specialty at Arch.
The company expects to save $19mn per year from the headcount reduction.
The business is predicted to write $1.4bn this year.
The state’s lawmakers will meet on December 12-16 to address the challenges facing its troubled property insurance market.
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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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The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
The CEO addressed the progress of the strategic process in his first interview since taking the role.
The Category 1 storm’s landfall on the east coast of Florida would be a “manageable” cat event that hurts primary carriers more than their reinsurers, he said.
The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.
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