-
In its earnings statement, the carrier described the Texas freeze as an “extreme stress test” for its operations and financial model. -
The carrier recorded average rate rises of 9% for P&C accounts renewing at April 1.
-
SiriusPoint posted higher underwriting income in the first quarter than a year ago and lowered its combined ratio to 96.6% from 98.6% in what was a heavy cat quarter for the industry.
-
The business reported a negative investment return of 0.3%, up from a negative return of 4.6% a year earlier.
-
The pivot to profitable growth will be a topic to watch as investors patiently wait for this execution to deliver real margin improvement.
-
The result reflected a significant improvement on the prior-year quarter, when the investment book was hit by the pandemic.
-
The CEO of general insurance says AIG achieved average rate increases of 41% for cyber business at Q1.
-
This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
-
The Floridian reported a higher loss ratio after making recent portfolio acquisitions but benefited from premium growth.
-
The Bermudian booked a $4.6mn loss from Winter Storm Uri.
-
The carrier’s income from partnerships and other investments grew by more than eightfold year on year to $838mn.
-
Allstate will keep the brand going while putting advertising dollars behind its core direct business.
