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The CEO noted, however, that the UK retail market remains a big business growing well. -
The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
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The “Golden Age of Specialty” continues in the Q3 releases of these specialty companies.
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Cincinnati Re reported $38mn of cat losses in Q3 that included $18mn for Hurricane Helene.
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The Hartford made the unusual move of calling out current AY development.
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Kinsale’s cat losses for Q3 were “quite modest” including hurricanes Francine and Helene.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
