Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The regionals continue to find success in small and middle market business, as their pivot to a commercial focus has benefitted them.

Hurricane Ian, interest rate impact and the cooling economy will be the main themes this earnings season.

The rate increase was attributed to increased reinsurance costs during this year’s hurricane season.

With pricing decelerating and loss-cost trends potentially reversing, regionals should continue to execute on their present strategy.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The firm’s specialty pivot seems to be paying off in premium growth and value creation.

The transfer comes a day after FedNat transferred majority ownership of Monarch to Hale Group.

The Catastrophe Reform Package passed the 2022 Legislative Session to provide relief for policyholders struggling in the aftermath of Hurricane Ida.

The carrier will start with offering roadside assistance support for Allianz Colombia’s auto insurance customers.

The ratings agency also cut the insurer’s long-term issuer credit rating to A- from A, but maintained the "stable" outlook for the ratings.

The move is part of the process that allows the Louisiana Insurance Guaranty Association (LIGA) to take over claim payments, ensuring most policyholders with pending hurricane claims will get paid.

The consolidation plan, subject to regulatory approval, seeks to create a more efficient operating structure for United going forward.

Champlain Specialty co-CEOs David Evans and Richard Smith, who serve as CIG’s executive chairman and executive vice chairman respectively, will join the new management committee.

Americas has approximately 24,000 policies and 13,000 Ida-related claims, covering 1.31% of the Louisiana homeowners’ insurance market.

The assumption of the policies, which the Florida-based insurer acquired for the price of the unearned premium, is retroactive to December 1.

The buyer’s identity will be disclosed after the policy acquisitions obtain court approval.

On Louisiana Citizens, Commissioner Donelon said that the state-backed carrier does not need to acquire additional reinsurance to endure the impact of major losses from the Ida and Laura storms.

Gaining market share while avoiding any new business penalty will be an interesting balancing act if the firm is to meet its 2026 targets.

The preannouncement follows announcements from Bermuda (re)insurers Axis Capital and RenaissanceRe on Wednesday.

The executive expressed disappointment with the 2020 results but spoke optimistically about strategic actions UFG was taking.

Catastrophe losses were higher in the fourth quarter and more than doubled for the full year in 2020.

Roche raised concerns about the "reemergence of social inflation".