Results
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
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The Bermudian has been reducing exposure in Florida for almost a decade.
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
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The Insurance Insider US news team runs you through the earnings results for the day.
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There was no material development on long-tail casualty lines across all years, he said.
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The company plans to grow exposure for June 1 and July 1 renewals.
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Industry results look good despite recent GDP/CPI numbers, but there is still cause for concern.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
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This was offset by a $108mn reserve charge for years 2021 and prior.
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The carrier has completed its 2024-25 reinsurance renewal.
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The carrier is also targeting E&S growth in property brokerage and global specialty.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The broker announced yesterday it had completed its $13bn acquisition of NFP.
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Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive said expansion was driven by retention and new business.
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CEO Carl Hess hailed a “solid” first quarter of results.
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There is a high likelihood the property claim will be subrogated.
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The CEO said Q1 was “one of the best quarters” for casualty pricing.
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Focus on reserves to continue as gap between cautious reservists and others emerges.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
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Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Early results suggest another strong quarter with a variety of driving forces.
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The US casualty market was “challenging”, the executive said.
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Property rate increases decelerated to 3% in the quarter.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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Corrective actions revealed by Travelers in the first-quarter earnings could set the stage for similar moves from peers
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The HNW carrier will launch in Canada this year, starting with Ontario.
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The insurer is currently transitioning Corvus' ‘profitable’ $200mn book of business.
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Underlying improvement was driven by a decrease in the personal lines core CoR.
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Light cat losses, reserve development, and pricing trends are key topics in Q1.