Iulia Ciutina

US P&C statutory combined ratio drops to 99.6% in 2018

The largest underwriting margin was reported in personal lines, where the combined ratio was 98.7 percent.

Iulia Ciutina, 27 June 2019

Industry vacuum driving InsurTech investment

A large technological vacuum created after years of neglect is at the heart of InsurTech’s recent rapid growth, delegates heard at InsiderTech New York.

Iulia Ciutina, 14 June 2019

Only 9% of top executives in P&C (re)insurance are women

The US market also lags the wider industry in its level of female representation at the top.

Iulia Ciutina, 11 June 2019

United Insurance completes cat renewal with $4bn of cover

The Floridian carrier bought 8 percent more cover than last year, inclusive of a $3.2bn core cat tower.

Iulia Ciutina, 05 June 2019

P&C (re)insurance women gain one extra board seat in 11 years

Only 11 percent of companies in our analysis have relatively equal representation on their boards.

Iulia Ciutina, 04 June 2019

Jebi creep and higher expenses drag on Bermudian Q1 results

First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.

Iulia Ciutina, 14 May 2019

Third Point Re posts profit in Q1 with better underwriting results

The Bermudian total return (re)insurer reporter an improved combined ratio in Q1 2019 compared with a year prior.

Iulia Ciutina, 10 May 2019

Capital providers ‘waking up’ to Florida difficulties: O’Donnell

Reinsurers recognize the need for more rate for the risk being ceded, O’Donnell said on the firm’s Q1 call.

Iulia Ciutina, 08 May 2019

UPC halves capacity needs for cat programme at 1.6 to $808mn

Increased cat bond issuance, FHCF participation, and quota share usage reduces capacity needed at 1 June.

Gavin Davis, 08 May 2019

FedNat sent to Q1 loss by March hail storm

FedNat reported a quarterly loss as it took a $18.7mn hit from the March hail storm.

Iulia Ciutina, 08 May 2019

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United Insurance increases Irma gross loss estimate to $965mn

The carrier was the only Floridian to report loss creep from Hurricane Irma in the quarter.

Iulia Ciutina, 08 May 2019

RenRe beats in Q1 despite slight underwriting deterioration

The Bermudian (re)insurer posted a combined ratio of 72 percent in Q1 2019, a 1.4 percentage point increase year on year.

Iulia Ciutina, 08 May 2019

Sirius Q1 results overcome US hurricane loss creep

The carrier posted strong earnings in Q1 2019, more than doubling its EPS from a year ago.

Iulia Ciutina, 07 May 2019

Everest Re sees biggest P&C insurance rate change in five years

Everest Re executives were relatively optimistic about P&C (re)insurance pricing.

Iulia Ciutina, 07 May 2019

Everest Re posts solid earnings beat in Q1

The Bermudian (re)insurer reported a combined ratio of 88.7 percent in Q1 2019.

Iulia Ciutina, 07 May 2019

Auto reserve charges send Greenlight Re to underwriting loss

The Bermudian total return (re)insurer posted EPS of $0.16 in Q1 2019, driven partly by investments.

Iulia Ciutina, 07 May 2019

Rate increases in line with loss cost trends: Selective

Selective achieved renewal pure price increases that, on average, were in line with expected loss trends.

Iulia Ciutina, 03 May 2019

Most P&C rates likely to rise 4-6% in 2019: AFG’s Lindner

Renewal pricing in each of the company’s specialty property casualty sub-segments exceeded expectations.

Iulia Ciutina, 02 May 2019

James River E&S submissions up 17%, pricing up 3%

The carrier posted operating earnings of $0.71 per share in Q1 2019 that beat analyst estimates.

Iulia Ciutina, 02 May 2019

Watford Re debuts with 20.8% ROE in Q1

The total return reinsurer reported a strong return in its first set of results as a public company.

Iulia Ciutina, 02 May 2019

Market missed the mark on Jebi BI claims: Grandisson

Arch’s chief executive said that Jebi business interruption exposures fuelled loss creep in the market.

Iulia Ciutina, 01 May 2019

Florida market is ‘taking a pause’: Grandisson

Arch CEO Marc Grandisson said the company shows “prudence and patience” in the P&C marketplace.

Iulia Ciutina, 01 May 2019

Arch beats in Q1 despite Jebi loss creep

The Bermudian (re)insurer surpassed consensus expectations in the first quarter with operating earnings of $0.67.

Iulia Ciutina, 01 May 2019

Axis’ US casualty excess book up 12% amid E&S market firming: Benchimol

The reduced appetite in standard lines have led to a market firming in E&S lines, the executive said.

Iulia Ciutina, 25 April 2019

Axis increases Jebi industry loss estimate to $12.5bn

The Bermudian increased its industry insured loss estimate at the end of Q1 from $8bn at the end of last year.

Iulia Ciutina, 25 April 2019

Axis reports $30mn loss creep from Typhoons Jebi and Trami

The Bermudian (re)insurer misses analyst expectations in Q1 2019.

Iulia Ciutina, 25 April 2019

Postcard from InsiderTech Chicago

The future of insurance lies in the application of artificial intelligence across the value chain.

Iulia Ciutina, 09 April 2019

Lloyd’s 2018: Two-thirds of syndicates underwriting at a loss

More than half of syndicates report a combined ratio above 100 percent for the third consecutive year.

Catrin Shi, 04 April 2019

Willis Re describes 1.4 renewals as ‘rational’

Increases of up to 25 percent on loss-affected contracts were balanced by flat renewals for loss-free business, the reinsurance broker finds.

Iulia Ciutina, 01 April 2019

InsurTechs end 2018 with improved results

A sharper focus on underwriting profitability bears fruit for Lemonade, Metromile and Root.

Iulia Ciutina, 26 March 2019

Metromile adds CTO from Uber

InsurTech Metromile hired Paw Anderson as Chief Technology Officer, previously a senior leader of engineering in Uber’s Advanced Technology Group.

Iulia Ciutina, 21 March 2019

USAA joins Roost’s Home Telematics Program

USAA has joined State Auto and CFM Insurance and become the latest carrier to join Roost’s Home Telematics Program (HTP).

Iulia Ciutina, 20 March 2019

Citizens looks to add personal lines reinsurance

The state-backed insurer is looking to refine its reinsurance programme but overall demand remains subdued after it has depopulated its portfolio.

Emmanuel Kenning, 20 March 2019

Fee income offsets cat losses at Floridians in Q4

The five listed Florida-based P&C insurers were pushed into the red by adverse reserve development and Hurricane Michael.

Iulia Ciutina, 19 March 2019

Bermudians continued to reduce PMLs in 2018

Probable maximum loss figures fall to the lowest levels in at least six years.

Iulia Ciutina, 12 March 2019

Florida: The acid test of the cat market

Nephila, RenRe and Validus go on the record with this publication on the forthcoming 1 June renewals.

Adam McNestrie, 12 March 2019

HCI reports Q4 loss driven by Hurricane Michael

HCI reported a loss in the fourth quarter stemming from Hurricane Michael claims and unrealized investment losses.

Iulia Ciutina, 08 March 2019

Total return reinsurers continue to struggle in 2018

Greenlight and Third Point are facing their most challenging period yet after posting record investment losses.

Iulia Ciutina, 05 March 2019

Metromile expands exec team

The prominent InsurTech has added two new executives to its senior management team.

Iulia Ciutina, 05 March 2019

Reserve strengthening drives Universal to Q4 loss

The Florida-based insurer strengthened its reserves by $97.3mn in the quarter, leading to a $11.2mn pre-tax loss.

Iulia Ciutina, 01 March 2019

Greenlight Re losses continue in Q4

The hedge fund reinsurer misses consensus estimates, as its investment portfolio continued to post losses.

Iulia Ciutina, 28 February 2019

Floridian business model threatened by tougher market, Demotech warns

A meaningful rise in property catastrophe rates would leave some Floridian insurers struggling to keep their current ratings.

Iulia Ciutina, 28 February 2019

InsurTech partnerships continue to grow: Willis Re

InsurTech investments and strategic partnerships continued to grow in the fourth quarter of 2018

Iulia Ciutina, 26 February 2019

WR Berkley announces 3-for-2 stock split

WR Berkley announced Thursday a 3-for-2 stock split, to be paid as a stock dividend to holders on 14 March.

Iulia Ciutina, 22 February 2019

PartnerRe posts Q4 loss due to hit from catastrophes

The carrier reported $282mn of catastrophe losses in Q4, net of reinsurance and reinstatement premiums.

Iulia Ciutina, 22 February 2019

Cats send Alleghany to Q4 loss

Alleghany’s pre-tax net cat hit of $317.2mn drove the company to an operating loss for the fourth quarter.

Iulia Ciutina, 21 February 2019

Bermudians beat in Q4 but fundamentals worsen

Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise.

Iulia Ciutina, 19 February 2019

Fairfax in the red after Q4 investment losses

Fairfax sinks to fourth quarter loss on mark-to-market investment losses.

Iulia Ciutina, 15 February 2019

Iulia Ciutina

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