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Chubb $95mn long-tail reserve charge dispersed from 2016: Greenberg
The CEO said Q1 was “one of the best quarters” for casualty pricing.
Research
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
Early results suggest another strong quarter with a variety of driving forces.
Corrective actions revealed by Travelers in the first-quarter earnings could set the stage for similar moves from peers
Light cat losses, reserve development, and pricing trends are key topics in Q1.
Latest news
The transaction value represents approximately 5.9x of its 2023 revenue and 28x net income.
Existing non-competes for senior executives can remain in force, however.
Farmers is working with Jetty to help ensure a smooth transition.
The casualty segment posted $18mn of favorable reserve development across multiple accident years.
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Opinion
Opinion
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The resolution of the Fleming-James River dispute still hurts the legacy segment
Adam McNestrie and Ben Wylie
Capacity inflows sustain state of flux in commercial auto despite headwinds
However, capacity build has slowed over the past year, sources say.
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US Federal Trade Commission bans use of non-compete clauses
April 23, 2024
The firm doubled its premiums in the past three years after launching in specialty.
The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
The MGU is exploring additional third-party capital relationships.
May and June takeout requests for Citizens are exceeding expectations.
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