New inflation data shows pricing declines have flattened in August, and rising average severity. Margin pressures continue to build, and frequency remains the wildcard.
We highlight the key new disclosures by P&C companies at an investor conference on Wednesday, including AIG, WR Berkley, The Hanover, and Third Point Re.
Looking past the somewhat misleading averages, granular disclosures in the CIAB survey suggest significant pockets of the market are the hardest they have been for close to two decades.
