-
The broker posted earnings per share ahead of analyst expectations and expanded margins. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The broker completed five tuck-in brokerage mergers in Q1, the same number as the previous year, but totaling $32.2mn, down from $89.7mn in Q1 2021.
-
The company's core earnings per share rose to $1.66 from $0.56 a year earlier, beating the $1.54 forecast by analysts.
-
Florida-based Universal sees 6.1% drop in policies in force; challenging claims environment pressures underwriting profit.
-
The firm suspended relationships with Russia-based clients and estimated those actions will affect its 2022 brokerage unit revenues by up to $10mn.
-
The underlying CoR, however, rose by 3.1 points to 89.3% in the first quarter.
-
The company's first quarter combined ratio increased by one point year-over-year to 91.9%.
-
CEO Marc Grandisson said most of Arch’s exposure to the war comes via Lloyd's aviation, marine war businesses.
-
The workers' comp specialist looks to digital gains and expense controls to counter a decline in underwriting profit.
-
The carrier also revealed $30mn in Russia-Ukraine Q1 losses.
-
The company aggressively moved to reduce capital consumption, tighten its underwriting and take rate action in the first quarter of 2022.
