RLI
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The specialty carrier said hurricane season will have to play out before any market easing takes place, especially in the Southeast. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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GWP growth slowed to about 17% on the year, versus the 22% increase in Q1 2022.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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The specialty players are better placed than the commercial lines cohort with pricing and growth outperforming the broader market.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive added that the specialty carrier purchased roughly $100mn more reinsurance in its catastrophe tower for both hurricane and earthquake exposure.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company’s underwriting income spiked 99% on the year to $59.5mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier had a minority stake in the eyewear firm.
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The new offering is underwritten by specialty insurer RLI and covers home and offsite exposures such as general liability, equipment, furniture, fixtures and inventory.
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