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There is a high likelihood the property claim will be subrogated. -
The CEO said Q1 was “one of the best quarters” for casualty pricing.
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Focus on reserves to continue as gap between cautious reservists and others emerges.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Earlier today, the carrier reported that its Q1 combined ratio came in at 88.8%, down from last Q1’s 90.6%.
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The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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Reinsurers will try to put pressure on insurers for casualty and liability lines, as they did in property.
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Cat rates meanwhile are seeing downward pressure from 'pricing fatigue’ and limit expansion.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Early results suggest another strong quarter with a variety of driving forces.
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The US casualty market was “challenging”, the executive said.
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Property rate increases decelerated to 3% in the quarter.
