-
As of 14:00 ET, the broker’s stock stood at $232.24 per share, 11.9% higher than the previous close of $207.74.
-
The broker’s Q3 organic growth was driven by specialty lines, including fac financial solutions, natural resources, surety, construction and aviation.
-
This year, casualty pro-rata rates overall moved about 1 point, Everest’s Jim Williamson added, noting other deals in H2 where the numbers moved more than that.
-
WTW said that new staff were ramping up revenue production, following a period of investment in talent.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The company’s Q3 cat losses fell 77% to $170mn, compared to $730mn in the prior year quarter.
-
The executive said that NA financial lines rates and pricing in aggregate were down 4.8% and 3.8%, respectively, in Q3 as Chubb is trending financial lines loss costs at 4.7%.
-
Strong pricing and stable loss costs yield solid results for the early reporters, but social inflation could turn the tables during the course of this earnings season.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The carrier grew NWP in Q3 by 8.4% to roughly $11.7bn, as NA commercial P&C lines rose 8.7% to over $5.1bn and personal lines increased 9.6% year-on-year to over $1.5bn.
-
On the company’s Q3 earnings call, COO Jennifer Klobnak said the E&S property division grew 39%, including via a 42% rate increase.
-
The Brown & Brown CEO noted that property cat remains "the most challenging" line, while workers' comp decreases have continued to slow.