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The Insurance Insider US news team runs you through the earnings results for the day. -
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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Auto severity continues to be an ongoing challenge for the industry.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Cat activity was a “modest” $175mn for Q4, but still up year over year.
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Cat losses rose to $175mn, fueled by Hurricane Milton and higher Helene estimated losses.
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The P&C industry had a rude awakening as fresh claims data came rolling in post-pandemic.
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The year-to-date CoR was down 9.5 points to 102.8% compared to 2023.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
