Chubb
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Property cat reinsurance rate rises still lag behind those of primary insurance, executives said during Q2 conference calls.
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The Hartford, Travelers and Chubb were questioned about talc exposures this earnings season following a court ruling against Johnson & Johnson.
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The Insider 50 grew by 1.5 percent last week, with all but 13 companies in the index posting a gain in their share prices.
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A few pockets still need rate, CEO Greenberg says on earnings call.
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Core operating earnings reached $2.68 per share, ahead of the $2.62 per share consensus estimate from analysts.
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Aspen has lost more underwriters as members of its Bermuda FinPro team jump ship.
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The carrier's European operations complete their conversion to a Societas Europaea in time for a move to Paris in January.
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Luc Reuter takes the position after spending six years in a similar role at Chubb.
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MGM lawsuit against shooting victims asserts exemption under anti-terror act.
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While reinsurers are benefiting from low cats, pricing fundamentals remain weak.
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The ratings firm said the survival ratio last year improved slightly to 7.8x.
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That lawyers use the legal system to extract money from businesses is really nothing new – complaints about class-action lawsuits from business executives and bankers have cropped up off and on for many decades.
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