-
The personal insurance segment’s CoR slashed to 86.8% from 105.3% in the prior year quarter, as the contribution of cat losses declined by 7.3 points to 2%.
-
The executives were speaking after Truist reported Q4 organic growth of 7.3%, accelerating from 6.3% in Q3 and 5.6% in Q4 a year earlier.
-
Reserves, loss cost inflation, and pricing trends would be front and center in what will be an overall good quarterly earnings season due to the lack of large losses.
-
Additional disclosure following the RenRe acquisition reveals results for both carriers for the nine months to 30 September last year.
-
2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.
-
The commercial auto CoR worsened 7.8 points to 108.6% for the month, while the homeowners’ CoR deteriorated 15.1 points to 82.1%.
-
Cooling CPI metrics and improving loss ratios indicate a positive shift for the personal auto industry, but results are not yet back to where they need to be.
-
Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
-
The executive said that property cat market terms and conditions continue to be favorable, while demand is anticipated to increase in January 1 and throughout 2024.
-
Its combined ratio for the quarter improved nearly 30 points, particularly driven by better performance in its Bermuda segment.
-
The latest short interest data shows continued pessimism on InsurTechs and Florida insurers.
-
Insurance Insider US’s morning summary of the key stories to get you up to speed fast.