Kinsale
-
The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
General liability represented the largest share of Kinsale’s reserves.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Michael Kehoe will relinquish the president’s role to COO Brian Haney and assume board chairmanship but will remain company CEO.
-
The carrier believes its existing reserves account for any liability relating to claims.
-
At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The stock closed at $342.87 per share, down 19.56% from yesterday’s close of $426.22.
-
On a conference call with analysts, CEO Michael Kehoe described high growth rates from over the last five years as an “anomaly” and warned investors of possible "mean reversion” ahead.
-
AJ Gallagher posts 10.5% Q3 organic growth, lower sequentially but up year-on-year
-
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.
-
The Inside P&C news team runs you through the earnings results for the day.
-
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.
-
McMorrow joined Kinsale in 2010 and served in underwriting roles of increasing responsibility before being promoted to vice president in 2021.
-
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.
-
In its press release, CEO Mike Kehoe noted that the company capitalized “favorable E&S market conditions while maintaining underwriting and expense discipline”.
-
CEO Mike Kehoe said the company’s commercial property book outperformed expectations related to the storm.
-
CEO Mike Kehoe said his company’s results stem from a combination of higher insurance rates and rapid premium growth.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The company posted a combined ratio of 79%, driven by lower relative expenses and premium growth.
-
Inside P&C’s news team runs you through the key developments from the week.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The company founder warned that the “wily” and “entrepreneurial” plaintiffs’ bar would be back, however.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Winston joined the company in 2010 and was most recently promoted to vice president of underwriting in 2020.
-
Kinsale Capital Group posted a combined ratio of 75.5% and an expense ratio of 21.4% for Q4 2021.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
With no catastrophe losses, premium growth and favorable development lifted Kinsale operating income to $1.76 per share, well ahead of Street expectations.
-
Low-teens rate increases are expected to continue for the company as submissions improve.
-
Kinsale Capital Group reported a leap in Q3 net operating income, boosted by rate increases, lower catastrophe costs and favorable development.
-
COO Brian Haney pushed back on the notion that rate hikes had hit their peak and said he expected rising inflation to "prolong the hard market".
-
Kinsale posts a combined ratio of 79% in Q2 despite massive GWP growth.
-
A combination of profitable underwriting and improved investment returns helped the carrier perform strongly in Q1.