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Some reinsurers pulled quotes as the shock waves of ~$650mn of creep reverberated. -
Rate movement is positive and sustained, but has been overshadowed by a string of major losses.
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Underwriters are adjusting underlying exposures to push for rate while keeping premium increases modest for cash.
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Chubb CEO Greenberg's near-$20.5mn pay narrowly beats that of his closest rival.
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The property segment swings £1bn into the red from a small profit a year earlier.
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Improved underwriting margins thanks to hardening rates were eclipsed by falling investment returns in the first half.
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The index grew by 1.2 % over August as Floridian carriers and total return reinsurers lead.
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The Third Point Re acquisition removes the immediate risk of a downgrade below A- for Sirius.
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Meanwhile, US GL underwriters fear the impact of Covid-19 litigation.
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P&C stocks grew in July as Q2 earnings season started with broker stocks coming out on top.
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Data work by this publication found a low negative correlation between premium growth rate and gross profit margins.
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Insider Quarterly is still a teenager. It may be mature, but the publication that began life in 2001 as the features offshoot of Insurance Insider has yet to reach its 20th anniversary.
