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Loss-cost indicators are high for liability, low for property. -
Rate increases averaged 0.0% in December 2024, from 16.3% in December 2023.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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More competitive pricing is predicted for the commercial insurance market.
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Third-party liability, auto, medmal and premises liability remain challenging.
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CMP and BOP reached their highest levels in over a decade.
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The 2025 State of the Market report also touched on E&S and MGA growth.
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The decision reflects CNA’s “consistently positive” operating performance.
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Commercial property and workers' comp were down, while GL was flat.
