-
The Florida-based carrier is now scaling back personal lines exposure and raising rates after reporting a $25mn Q2 loss. -
The carrier reduced its catastrophe retentions and increased quota share reinsurance protection.
-
Positive earnings results feed an optimistic outlook for the firm, despite some future challenges.
-
Attorney television advertising targeting remote workers could have lasting impacts on personal auto trends.
-
The company expects ‘similar resurgence’ of claims in workers’ comp over the next year.
-
The transaction generated a $3bn war chest, much of which AFG has already distributed to shareholders.
-
Lemonade grew gross written premiums substantially during the period to $90mn.
-
The (re)insurer generated what it said was a record quarterly underwriting profit, boosted by a 67% spike in E&S underwriting income to $27mn.
-
The company’s combined ratio rose by 5.9 points to 95.7%, as lower second quarter catastrophes and a better expense ratio helped mitigate the impact of the higher attritional loss activity.
-
Core operating earnings reached a record $288mn in the quarter, on a combination of improved underwriting results and strong investment returns.
-
The co-CEO told analysts he believed there is concern in the industry around what may happen with claims inflation.
-
The insurer cut average annual loss exposure by 40% more than a year ahead of schedule after shedding property limit and restructuring reinsurance purchases.
