-
Normalized growth and peak multiples confirm we are headed towards a Darwinian race. -
Workers’ comp rates dropped again, but the decline slowed from last quarter.
-
Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
-
By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
-
The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
-
Joseph Lacher will step down as president and CEO and resign from the board.
-
Fronting doesn’t look any better when it’s broken down by segment.
-
The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
-
While the Fed is more concerned with jobs, other macroeconomic concerns trouble the industry.
-
Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.
-
Persistent social inflation challenges evident across key long-tail lines at half-year mark.
-
High H1 reserve releases of $7.4bn were driven by the largest of carriers.
-
The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
-
Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
-
Commercial auto saw the largest rate change, which was down about a half point by the end of July to 7.96%.
-
Appointments include leadership in transportation, energy, marine and others.
-
Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
-
The company also purchased $15mn of SCS parametric coverage.
-
The pace of increases ticked down in the second quarter compared to Q1.
-
The regional insurer has increased its weighting to OLO and commercial auto, versus comp.
-
Morgan Stanley first invested in Cover Whale in May 2024 with structured debt.
-
The executive said the claims industry is going to “be transformed”.
-
Rising inflation could raise claims severity but also increase investment income.
-
All lines except workers’ comp are up year over year, however.
Most Recent
