The Hartford

The deal with National Indemnity provided up to $300mn in limit for more than $100mn in adverse development above the $1.8bn of loss reserves Navigators had at the end of 2018.

The insurer said transforming portfolio to mostly six-month policies will help it enact price corrections in the auto LOB more quickly than in the past.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Underwriting profits within the insurer’s personal lines unit dropped to $45mn from $154mn the year before.

The executive will report directly to the carrier’s head of global specialty Adrien Robinson.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

The vote was part of ongoing bankruptcy proceedings following a string of historical sexual abuses.

The Inside P&C research team looks forward to the big issues of the new year.

Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.

The higher level of repurchases seen in Q3 will likely last longer than expected.

Adrien Robinson, who took over for Vince Tizzio as the head of The Hartford’s specialty brand Navigators in June, also said his unit was planning its second biggest hiring spree in over a decade.

The firm showed optimism for the future, but are recent gains the new normal or a temporary positive blip?