Property business has had poor underwriting results over the last five years: Alleghany’s Hicks
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Property business has had poor underwriting results over the last five years: Alleghany’s Hicks

Jairo Ibarra
November 10, 2021
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Alleghany’s chief executive Weston Hicks said the property business has had poor underwriting results over the last five years as prices haven’t matched risk exposures in the segment.

“We believe that most insurers in the property insurance business have earned poor underwriting returns over the past five years,” Hicks said in his final letter to shareholders before retiring as CEO.

“While

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Jairo Ibarra
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