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CEO Rob Berkley said the company would likely participate in the space for one to three years if rates remain favorable.
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The weakened combined ratio was driven by an increase in the company's loss ratio.
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As the super-cycle slows and the economic landscape becomes more uncertain, brokers will face pressure, though a cooling labor market may aid margins.
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The estimate anticipates a full retention loss of $12.5mn from Hurricane Ian.
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The insurer said the estimate represents a 13.9-point impact on its Q3 combined ratio based on earned premiums.
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Of the ~$40mn Ian loss net of reinsurance, $33mn impacted RLI’s property business and $7mn its casualty unit for some package policies.
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Marsh CEO Martin South added that the broker expected to see property rates easing, but "the reverse is going to be true."
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Guy Carpenter is lining up for a challenging January 1 renewal, but hard conditions may ultimately prove a tailwind.
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The broker continued to expand margins and posted adjusted earnings per share slightly above analyst expectations.
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The estimate is driven by $540mn of losses attributable to Hurricane Ian.