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Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic. -
The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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The estimate includes $102mn from Milton and $114mn Helene development.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
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The executive will focus on securing reinsurance capacity for new programs.
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The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show.
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Net property losses from Hurricane Milton in October reached $153.6mn.
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The California fire was 91% contained as of Friday.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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Reserve releases for the year-to-date are higher than in prior years despite elevated concerns on casualty trends.
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The company said Helene claims have surpassed those of Hurricane Ian.
