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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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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Aggregate pricing for GRS North America increased 12.1% with a rate hike of 9.6%, exceeding loss cost trends of 8.4%. Competition retaining quality accounts partially offset these increases.
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NA commercial rates accelerated 9% in Q2 as property pricing rose 18% and auto pricing went up 9%.
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The Inside P&C news team runs you through the earnings results for the day.
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Skyward saw 15%-20% risk-adjusted rate increases during its property cat renewals as its attachment point rose to $12mn from $10mn the year before.
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Executives were speaking after the company reported that its Q2 CoR decreased 4.3 points to 95.1% as Florida policies declined 15.8% from the prior year.
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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 had assumed 200,000 policies by the end of Q2 and will now “resume growth to a higher number in the future”, Patel told analysts.
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The Inside P&C news team runs you through the earnings results for the day.
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CEO Joseph Brown said that the firm is still engaged in conversations to sell a portion of its insurance operations or the entire company.