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21 May 2012

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Cincinnati Financial bucks loss creep trend to boost Q4 numbers

20 January 2012

Cincinnati Financial's P&C insurance underwriting income will be $20mn-$24mn higher than expected due to positive development on cat loss estimates for prior reporting periods and a better-than-expected Q4 for cats, the US insurer announced.

The improvement on previous cat loss estimates contrasts with the flurry of reinsurers pre-announcing loss creep that will hit their Q4 results.

The company, which was badly hit by the record 2011 US tornado season, said it had cut loss estimates for the two New Zealand...

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