Insurers
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The Floridian is expecting to have around 40,000 policies in force by year-end. -
The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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Commercial property premium growth declined 18% in Q1, as rates fell 20%.
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Renewal rates were favorable compared to what could have happened after several hurricanes.
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The Hartford’s Q1 CoR increased 4.1 points to 96.9% driven by cat losses.
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Macroeconomic volatility could also create top-line headwinds.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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Everest’s US wholesale business is seeking to expand its market presence.
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The only major product line to see rate increases was casualty.
