The Hartford

The figure is an increase from the original $650mn settlement agreed to in April.

Speaking at an investor conference on Monday, CFO Beth Costello said the company expects losses to fall well below Hartford’s cat program retention.

The chief executive said on Thursday the company has made progress in re-underwriting its specialty book, and that no new M&A is on the horizon.

The surge likely reflects talk in the buy-side community fuelled by tracking the latter's private jet.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The newcomers are finding it more difficult to disrupt the sector than they had expected.

Employment data indicates that easy growth and margin expansion may slow soon.

In a landmark hearing, a Delaware judge struck down a provision that would have allowed the Boy Scouts of America’s withdrawal from its April agreement with The Hartford.

The firm’s earnings set it on the path of great expectations for 2022-2023.

The company is considering pricing actions, primarily in the homeowners’ line, as inflation accelerates.

The carrier’s cat losses fell to $128mn, from $248mn last year, when it was hit with $110mn in civil unrest claims.

Brodzinski will report to Adrien Robinson, who was recently named head of global specialty.