The executive joins from Universal, where he was president of the Floridian’s American Platinum division.

Prices rise in every region for the seventh consecutive quarter, with the UK easily outstripping US growth.

A program dubbed Hartford Next is expected to start immediately with $120mn of investments required to achieve the savings over the next two quarters.

John Marchioni said the increase in business written was a result of upward pricing and policyholder retention.

The results included $83mn cat losses, largely from April storms and civil unrest, in line with the pre-announced figures.

CEO John Roche says in-force cancellation moratoria helped to boost the carrier’s retention rate for the segment.

The firm’s NWP decreased 5% primarily due to the impact of the personal auto premium returns.

The company’s underlying loss ratio fell 2.7 points to 58.2%, despite cat loss pushing the combined ratio to 103.1%.

P&C rates increased at the “low end of the mid-single-digit percent range”.

Following last week when the market heard from Travelers, Berkley, RLI, Employers, and Old Republic, the Q2 earnings season kicks into high gear this week.

The carrier sees no material coronavirus claims in the second quarter, though a near doubling of its natural catastrophe bill to about $90mn.

Last week featured the first new data points on Q2 earnings with Progressive and Truist reporting. But P&C earnings season really kicks off this week with the traditional frontrunners set to report.