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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The insurer said its cat estimate is driven by $165mn of losses related to Winter Storm Elliott.
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Organic growth fell 90 basis points from 6.5% in Q3 2022, but both underlying exposure and inflation continued to provide gains.
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For the same period in 2021, the company reported a combined ratio of 98.9%.
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Poor macroeconomic conditions loom, but reinsurers, brokers and personal lines carriers are expected to share positive results.
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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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Price-to-book multiples for insurers have increased materially over the last two years, but drops in equity partially drove the increase due to unrealized losses.
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Although 2022 was on balance, a good year, macro-economic issues such as a slowing economy, falling employment, and loss cost reversion could create an overhang for 2023.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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