Claims trends
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The insurer’s strong Q4 results might not read across to the rest of its peer group. -
Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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There has been increased W&I appetite in South American jurisdictions.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The broker said the casualty segment is approaching an “inflexion point”.
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Worrisome trends in the line may be warning signs of worse to come.
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Business email compromise was up 9%, comprising nearly one-third of claims.
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It also reported that severity increased by 17% in the same period.
