Selective reported strong earnings in Q4, but with results partially offset by remediation work in its smaller E&S segment and a more competitive personal insurance market.
On Thursday we got a better look at broking trends, including slower growth at MMC, improved synergy guidance on JLT, and continued positive trends at AJ Gallagher and Truist.
CEO Albert Benchimol met the firm’s recent underperformance head on and acknowledged the company “did not deliver the financial results expected in 2019”.
