-
The company reported an in-line quarter as a frequency benefit from auto in personal helped offset weaker results in commercial.
-
Management struck a bullish tone as it outlined expectations of capped Covid-19 losses while asserting that lower claim frequencies would likely benefit the loss ratio more than falling premiums. -
CEO Dan Glaser highlights the firm's resilience amid the pandemic.
-
Quarterly earnings beat the consensus estimate as profit from the reinsurance unit rises 10 percent.
-
The insurer’s CEO says it has identified 538 policies where coverage could be triggered.
-
The losses mainly relate to event cancellation and BI losses.
-
On its quarterly earnings call the Floridian insurer updated investors and analysts on how it has responded to the Covid-19 crisis and disclosed $50mn of Irma reserve development.
-
Cincinnati’s management team covered a broad range of topics on its earnings call yesterday including potential Covid-19 exposure and steps taken to mitigate customers’ cash flow pressures.
-
Benign frequency due to fewer miles driven in personal helped offset a weaker underlying loss ratio in commercial driven by one large fire loss and an unquantified Covid-19 loss reserve.
-
Brown & Brown’s Q1 conference call suggested that Covid-19 is more than just a recession for brokers.
-
The insurer’s share price plunged more than 12 percent in the day following the release of first quarter earnings.
-
The carrier has $1.3bn of public reinsurance cover remaining.
