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CEO Manning Rountree says its new Lloyd’s investment “hit the ground running” at the renewals.
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Net income increased by over 40% in the quarter to $524mn and reinsurance continued its growth momentum. -
Carriers too cautious on pricing could see retention trade-offs.
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Chubb closed the year with near-double-digit top-line growth outpacing all its peers by a substantial margin.
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Auto frequency benefits contributed to a 5.9-point fall in the loss ratio at its personal lines division.
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CEO Zuraitis said the company’s nearly $9mn in recoveries allowed it to achieve "below market" pricing on its program.
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Underwriting income fell by 6% to $16mn, as lower earned premiums outweighed a modest improvement in margins.
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Underlying margins expanded faster than they did in Q3 as Chubb reported 11.5 points of rate improvement above loss trend in NA commercial.
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The first week’s reporters present a conundrum around whether or not we will see ROE expansion in 2021.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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The specialty insurer posted a 25th year of consecutive underwriting profit as its core loss ratio fell sharply.
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A fair amount of what was reported was "old news", but the two brokers did offer some worthwhile takeaways.
