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Surplus lines are still strong, but not the standout they used to be. -
The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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Its full-year combined ratio for 2024 ballooned to 334.6%, from 124.7% in 2023.
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The company has seen four straight years of double-digit growth.
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Newly released annual stat filings on reserve data show some troubling trends.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Q4 net retention was impacted by the previously announced ADC.
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The carrier has also received 11,750 fire-related claims so far this year.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
