-
Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses.
-
Geico more than tripled underwriting profits.
-
The funds were contributed to support the specialty carrier’s growth.
-
The company recorded an undiscounted CoR of 93.9% in Q2.
-
The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The executive said the company remains optimistic about small commercial, where NWP grew 8.5% in Q2.
-
This follows the insurer reporting $56.4mn of losses from intellectual property business in Q2.
-
Insurance Insider ILS reported in June that the company had bought substantial ILW coverage.
-
State National will provide $160mn of coverage to James River as part of the deal.
-
The impact on AIG’s top line will be around $750mn of net written premium within NA personal lines.
-
AIG recorded favorable excess casualty reserve development for AY prior to 2016 of $33mn.