If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.
Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.
As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
The firm reported strong quarterly earnings, with a core operating ROE of 11.3%, but margin improvement will depend on loss cost trends and broader economic forces.
With the commercial auto noise behind it, the firm is set to benefit from E&S tailwinds, but casualty re remains a concern and new management will need to bed in.
Everyone knows the phrase “A jack of all trades is a master of none.” Relatively few people know the continuation of the phrase: “but often times better than a master of one.”
Capping the firm’s positive quarterly results, Travelers noted a strong but moderating rate in the business insurance segment in a positive read-through for commercial lines carriers.
If stagflation takes hold, there is scope for more rapid loss-cost inflation, reserve charges and growth challenges to come, the Inside P&C Research team writes.
New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
Aon’s Friday release concluded the first-quarter broker earnings season on a high note with the record-breaking profit and highest brokerage organic growth since 2003.
After the strong organic growth from Marsh McLennan and Brown & Brown, Willis Towers Watson and AJ Gallagher followed suit with 5% growth in underlying brokerage revenues.
The trailing one-month period saw a significant growth-to-value rotation fueled by the macroeconomic optimism and associated rise in inflation expectations and interest rates.
Last week, the CIAB released its survey data for Q4 commercial rates. In our view, it served as a perfect summation and accompaniment to the pricing disclosure and commentary shared by the carriers in the fourth quarter.
On its fourth quarter call, AIG management shared it received “quality” interest from parties willing to acquire a minority interest in its life and retirement business.
