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The ratings agency noted “significant” underwriting improvement in 2023-24. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The London D&F market will shoulder most of the losses.
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Florida House speaker Daniel Perez is seeking an investigation into the charge.
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Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.
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This follows the firm’s exit from primary aviation.
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At the PLUS D&O symposium, executives raised concerns over tariffs and the role of reinsurance.
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The change reflects an improvement in the carrier’s 2024 earnings to a sub-100% CoR.
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Inflation, supply chains and tariffs also add to the challenges, he said.
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Commercial auto was the exception, ticking up slightly from January.
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Q4 net retention was impacted by the previously announced ADC.
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The organization was hoping to grow its reinsurance cover.
