-
The company anticipates a considerable bump in book value after IPO of subsidiary Exzeo. -
The credit can now be applied to mitigation against operational losses.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
Slide does expect a “meaningful” amount of takeouts for this month and next.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The company has now posted rate increases for 37 consecutive quarters.
-
The executive said the firm has grown its casualty business by 80% from 2022.
-
The chief executive said he doesn’t expect to see a price drop anytime soon.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Interim CUO Nick Pritchard turned in his notice in August of this year.
-
Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
-
Widespread underinsurance and low exposures will limit losses.
-
Many commercial risks will have London coverage, but insured values are relatively low.
-
The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
-
The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Gray specializes in contract bonds for mid-sized and emerging contractors.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
-
Some disagreement remains in where rate declines have been swiftest and how much further they could go.
-
Hurricane warnings are in place for Guantanamo, Holguin and Las Tunas.
-
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
-
The CEO noted that 45% of Everest’s US casualty book did not renew this quarter.
-
The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
-
The regulations are designed to address long-term solvency concerns.
-
The LA fires were a microcosm of “everything we do well when things go bad”.
-
Rate pressure on wind and quake partially offset overall Q3 programs growth.
-
The global insurer will need to convince investors on the quality of the book.
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday.
-
The storm could bring flooding to Jamaica, Cuba and Haiti.
-
The executive’s exit follows CEO Joseph Lacher’s resignation last week.
-
Workers’ comp rates dropped again, but the decline slowed from last quarter.
-
APIP is one of the world’s largest property programs.
-
September’s medical care index increase follows a 0.2% drop in August.
-
While limited to only some accounts, it’s a sign of the intense competition in the segment.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Property insurance rates declined by 9%, the same as in the prior quarter.
-
Old Republic said the acquisition is expected to close in 2026.
-
Property pricing fell by 8%, while casualty rate increases tapered to 3%.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
-
A quiet wind season is also expected to further soften the property market.
-
The CEO also said that the “bloom is off the rose” in the E&S property market.
-
Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.
-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
-
An average of 81% of property accounts renewed flat or down.
-
Though wildfire losses are up, total losses are the lowest since 2015.
-
Shared and layered accounts are seen as reaping the biggest benefits.
Most Recent
