Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Q3 cats kill US specialty underwriting margins

Iulia Ciutina 14 November 2017

US specialty combined ratios escalated well into triple digits in the third quarter following elevated catastrophe losses, while ex-cat underwriting performances improved overall year-on-year.

The Insurance Insider's US specialty composite posted a combined ratio of 111.7 percent for the three months to 30 September 2017 - 16.8 percentage points above the corresponding result a year ago.

The vast majority of the increase was attributable to higher catastrophe loss ratios, with the group's metric standing at 19.2 percent of net earned...

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This article was published as part of issue November 2017/2

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