Insurers

The executive joins Selective after 19 years at Progressive.

Potential for rate cuts at the upcoming Fed meeting should be an addressable event for P&C insurers.

The deal marks Sentry’s largest transaction in its 120-year history.

The deal helps boost Davies’ growth across North America and Canada.

The industry could weather a recession, unless loss costs and reserving pressures worsen.

Reserving trends, pricing declines and hurricane forecasts are causes for concern.

It is understood that the goal is to use a capital injection to form a reciprocal.

Light cat losses, reserve development, and pricing trends are key topics in Q1.

Mutuals struggle to react and adapt to a worsening loss environment.

Some carriers may be pressing too hard on reserve releases from recent years.

2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.

The outlooks on IMT Insurance Company and its affiliate, Wadena Insurance Company – both domiciled in West Des Moines, Iowa, and collectively referred to as IMT Insurance Companies – were downgraded to negative.