The U.S. Environmental Protection Agency's recent establishment of safe levels of so-called forever chemi...
Selective reports GL reserve charge of $50mn driven by AY 2020-2023: CFO Harnett
The action comes in addition to a $55mn unfavorable development in GL in Q4 2023....
The action comes in addition to a $55mn unfavorable development in GL in Q4 2023....
Article / 2 days ago
Lloyd's of London underwriting improved in 6 of its 8 business lines in 2023
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Lloyd's of London reported its best underwriting performance in 16 years in 2023 thanks partly to improvements in all but two of its major business lines....
Article / 6 days ago
Chubb took $95mn large account casualty reserve charge tied to AYs since 2016
Chubb disclosed on Wednesday that despite recording $207mn in net first quarter pre-tax reserve releases, the firm also posted $95mn in adverse...
Chubb disclosed on Wednesday that despite recording $207mn in net first quarter pre-tax reserve releases, the firm also posted $95mn in adverse...
Article / 11 days ago
P&C Reserving Review 2023: Liability classes remain problematic
Workers' comp releases continue to mask deteriorating reserves in 2023. When we talk about reserves, we often use the cookie jar analogy....
Workers' comp releases continue to mask deteriorating reserves in 2023. When we talk about reserves, we often use the cookie jar analogy....
Article / 24 days ago
MS Amlin sets growth plan after underwriting turnaround - Financial Times
Big Lloyd’s of London insurer aims to expand in marine and liability cover after three years improving margin...
Big Lloyd’s of London insurer aims to expand in marine and liability cover after three years improving margin...
Article / 2 months ago
Revisiting the 2023 annual report reserve triangles
Some carriers may be pressing too hard on reserve releases from recent years....
Some carriers may be pressing too hard on reserve releases from recent years....
Article / 2 months ago
Markel: Work is needed to get the insurance engine humming again
The firm took a major reserve charge and has gone into remediation mode....
The firm took a major reserve charge and has gone into remediation mode....
Article / 2 months ago
Year-end reserve review: Worrisome GL trends partly offset by workers' comp releases
GL reserves continue adverse development trend for 2015-2019 accident years. We often talk about the problem of the cost of goods sold in insurance....
GL reserves continue adverse development trend for 2015-2019 accident years. We often talk about the problem of the cost of goods sold in insurance....
Article / 2 months ago
US results: Casualty ‘fear index' blinks red
Strong reinsurance results have absorbed long-tail reserve charges....
Strong reinsurance results have absorbed long-tail reserve charges....
Article / 3 months ago
Casualty comes back to bite
Casualty has eaten into 2023 insurer results, as carriers experience adverse reserving pressure in a post-pandemic landscape....
Casualty has eaten into 2023 insurer results, as carriers experience adverse reserving pressure in a post-pandemic landscape....
Article / 3 months ago