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Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).
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The carrier experienced a downturn in investment performance during 2022.
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Antares Re recorded GWP of $854.5mn for 2022, of which $728mn was written in Europe.
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The legacy carrier reported significant unrealised investment losses.
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Inside P&C’s news team runs you through the key highlights of the week.
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The broker estimated there was a 7% uplift in alternative capital and a 5% recovery in traditional equity.
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The broker reported double-digit growth across US, international and global reinsurance operations.
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An uneven loss environment in personal lines calls for a cautious reading of reserves.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier’s legacy business reported pre-tax losses of $56.6mn, while its Accredited business recorded a pre-tax profit of $55.7mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company booked another 4.6 points of adverse reserve development during the quarter, with 85% attributed to personal auto and 20% to commercial auto.