Donegal
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Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses. -
Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The regional cohort keeps pace with nationals on pricing, and stays ahead on reserving trends.
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The regionals continue to find success in small and middle market business, as their pivot to a commercial focus has benefitted them.
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With pricing decelerating and loss-cost trends potentially reversing, regionals should continue to execute on their present strategy.
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Sponic previously led Donegal's personal lines Marietta marketing and home office underwriting operations.
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The carrier’s loss ratio deteriorated to 69.7% from 62.7%, driven by increasing personal and commercial auto losses.
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The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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The line of business was Donegal’s worst by far for underwriting profitability.
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The Pennsylvania-headquartered carrier’s results were in part aided by a reduction in large fire losses.
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Hay also had a 13-year career at The Hartford, including stints in its personal lines, middle market and small commercial divisions.
