Header
Your dedicated content hub
Fuel a smarter strategy with our actionable market intelligence
Hanover News
Hanover news from Insurance Insider
Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4.
The Insurance Insider US news team runs you through the earnings results for the day.
Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses.
The executive said the company remains optimistic about small commercial, where NWP grew 8.5% in Q2.
The Insurance Insider US news team runs you through the earnings results for the day.
The losses primarily resulted from severe convective storm activity.
Roche said the company's deliberate efforts to limit exposure in the Midwest offset loss trends.
The Insurance Insider US news team runs you through the earnings results for the day.
Markel, Axis and Selective booked sizeable reserve charges in their liability segments.
Insurance Insider US runs you through the earnings results for the day.
She joined The Hanover in 2015 and since 2018 has served as CUO of technology and life sciences underwriting.
Marohn will lead the company's E&S business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers.
Its Q3 cat losses of $196mn primarily resulted from severe convective storms in the region, and drove the overall combined ratio to come at 104.4%.
The Inside P&C news team runs you through the earnings results for the day.
A clear commonality is already emerging much as it did in the previous quarter, when severe convective storms – particularly hail – also dominated.
The carrier’s cat loss estimate for Q3 2023 is more than twice Q3 2022’s $90.1mn, which included $28mn attributable to Hurricane Ian.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The migration is due to admitted carriers not being able to get the rate filings approved in a lot of the states – an issue that is extending beyond California and Florida, to the east coast.
Hamann previously served as the company's deputy president and CUO of small commercial.
Executives have pointed out that it is becoming increasingly difficult to talk about broader trends as micro-cycles are developing for each line.
These changes include increasing all payroll deductibles to specific minimum levels by coverage A limit, adding wind and hail deductibles in multiple states and transitioning to an ACV schedule for roofs as the standard offering.
Inside P&C’s morning summary of the key stories to get you up to speed fast.
The Inside P&C news team runs you through the earnings results for the day.
Q2 cat losses reported by most carriers were significantly higher than a year ago owing to the number of US convective storms and likely higher carrier retentions at reinsurance renewals.
Losses stemmed from 19 convective storms across multiple states, with hail damage representing the majority of reported losses, primarily impacting the personal lines segment.
Competitor news
Competitor news
Competitor news
-
In a month impacted by hurricane losses, earnings showed slower growth and no improvement in underlying loss ratio. -
Progressive expects $510mn of catastrophe losses associated with Hurricane Ida, the company said on Friday.
-
The TCC has been appointed by the office of the US Trustee as the official representative for the estimated 82,5000 survivors of childhood sexual abuse related to BSA activities.
Insider On Air: Our Webinars & Podcast Channel
Webinars
Webinars
-
In Partnership With GuidewireJoin Insurance Insider, in partnership with Guidewire, for a free webinar, 11:30 ET/16:30 GMT Jan. 29
-
In Partnership With Manulife Investment ManagementJoin Insurance Insider for a free webinar, in partnership with Manulife Investment Management, 10:30 ET/3:30 BT on Jan. 22,
Podcasts
Behind the Headlines Podcast
-
In Partnership With Allianz CommericalFollowing several years of stellar returns for reinsurers, what does this year's January renewal pricing swing mean for clients?
-
In Partnership With Allianz CommericalWhat is the fate of rating conditions in the coming year and how are major players preparing?
-
In Partnership With Allianz CommericalThe proliferation of broker facilities has been a growing trend – but is it just a symptom of the market cycle?
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Mercury reveals $1.24bn second event cover as LA claims mount
The carrier can claim separately for the Palisades and Eaton fires if necessary.
From Insurance Insider US
Evacuations ordered as major wildfires rage in Los Angeles
More than 4,000 acres are burning as thousands evacuate.
From Insurance Insider US
Talent Tracker: Finpro and property had the most movement in 2024
Both the US and UK had busy summers, but the talent momentum in the US did not continue into Q4.
From Insurance Insider
Enstar to be taken private by shareholder Sixth Street in $5.1bn deal
The deal values the business just under its closing price on Friday, at 0.97x book value.
From Insurance Insider
Aspen promotes Dunleavy to president and Pickering to group CFO
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
From Insurance Insider ILS
Chubb adds $1.7bn US cat top layer to treaty
The insurer also pushed up its retention by $650mn.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.