American Financial Group saw third quarter profits drop 29 percent as $105mn in preannounced catastrophe losses took their toll on the insurer’s bottom line.
After years of malaise, the (re)insurance market may finally be facing a sea change following heavy third quarter catastrophe losses, as underwriting executives scramble to talk up rates.
QBE North America is set to target the market for smaller professional lines after partnering with a managing general agent to write cover for accounts that generate $5mn or less in revenue.
