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Inside P&C’s news team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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For the business line, this is the first month-on-month slowdown since October 2022.
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CPI figures show loss costs are cooling, and if rate levels cannot reach adequacy we are likely to see more pausing from the industry beyond State Farm, Allstate and Nationwide.
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InsurTechs are still the most heavily shorted among P&C names, though they likely have been beneficiaries of a short squeeze for most of 2023.
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Other appointments in the team include Nick Ayres as chairman of global credit and Doug Espenson named as head of US mortgage.
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Used car and truck prices declined 4.2% year on year in May, while new vehicle prices rose 4.7% in the period.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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The intermediary’s latest study shows double-digit rate increases in commercial property and auto lines.
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Katie McGrath said the insurer continues to be deliberate in decision-making amid market opportunity.
