Kinsale
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Flows to the E&S market remain strong, executives have said, while dislocation in the property space continues to buoy overall pricing conditions. -
“The broad E&S market is quite attractive today, and we’ve got a good level of confidence going forward,” CEO Michael Kehoe said.
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The Inside P&C news team runs you through the earnings results for the day.
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The company posted a 1.2-point increase in its loss ratio to 58.6%, as the firm saw less-favorable reserve releases and slightly higher cat losses during the quarter.
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McMorrow joined Kinsale in 2010 and served in underwriting roles of increasing responsibility before being promoted to vice president in 2021.
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During the quarter, real rates were up around 7% in the aggregate, compared to 8% in Q3 2022, according to management comments during the company’s conference call.
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In its press release, CEO Mike Kehoe noted that the company capitalized “favorable E&S market conditions while maintaining underwriting and expense discipline”.
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CEO Mike Kehoe said the company’s commercial property book outperformed expectations related to the storm.
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CEO Mike Kehoe said his company’s results stem from a combination of higher insurance rates and rapid premium growth.
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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 company posted a combined ratio of 79%, driven by lower relative expenses and premium growth.
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Inside P&C’s news team runs you through the key developments from the week.
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