The Hartford

The 2018 conference season has finally come to a close in North America, with the Property Casualty Insurers Association of America’s event in Miami last week bringing the curtain down on this year’s major industry gatherings.

Executives faced pointed questions about workers’ compensation claims trends and casualty pricing during Q3 conference calls.

Although estimates for the Q3 disasters vary, in aggregate the events are likely to generate insured losses north of $10bn.

The company reported operating earnings per share of $1.15 versus $0.60 a year earlier, beating Wall Street consensus estimates of $0.91.

The Hartford’s $2.1bn acquisition of Navigators was announced on 22 August.

State Farm writes more than a quarter of homeowners’ cover in the state.

Analysts expect Q3 cat losses to be manageable for their covered (re)insurance companies.

The meeting will include stockholders of record as of 10 October.

Navigators approached 44 potential acquirers about rival proposals.

The specialty insurer reached out to The Hartford three years after the company made its first approach.

Under the ‘go shop’ provision, which expires at midnight, Navigators had 30 days in which to explore bids from alternative suitors.

Jared Kotler joins the carrier from Validus to head up the division.