Hagerty’s Q3 loss ratio jumps 15 points to 56% on Ian losses and increased reserving
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Hagerty’s Q3 loss ratio jumps 15 points to 56% on Ian losses and increased reserving

Hagerty logo corvette.jpg

Classic car underwriter Hagerty’s loss ratio jumped 15 points to 56% in the third quarter, driven by $10mn in retained losses from Hurricane Ian and reserve strengthening amid higher loss severity in US liability lines.

While Hagerty has thus far been able to avoid deteriorating personal auto loss trends – an indication that collector car driving trends are inherently distinct, as Inside P&C Research’s team previously discussed – the company has seen increased severity...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article