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Lemonade gross loss ratio improves 10 pts to 73% in Q3 | The Insurer

Lemonade has reported a 10 point improvement in its gross loss ratio for the third quarter to 73 percent, although the New York-listed insurtech’s adjusted Ebitda lo...

The Insurer
31 Oct 2024

Allstate pivots to $495mn P&C UW gain as homeowners, auto both return to profitability | The Insurer

Allstate swung to a $495mn P&C underwriting gain in the third quarter from a $414mn loss a year ago, driven by a return to underwriting profitability in both its...

The Insurer
31 Oct 2024

Root shares surge ~70% in after hours trading after first net income profitable quarter | The Insurer

Shares in Root surged by nearly 70 percent in after-hours trading after the Ohio-based auto insurtech reported its first quarter of net income profitability and is o...

The Insurer
31 Oct 2024

Everest Q3 UW gain falls 10% as cat losses jump and core LR improves 50bps | The Insurer

Everest Group’s Q3 underwriting gain fell by 10 percent to $272mn from $301mn, driven by cat losses that jumped by 77 percent to $310m from $175mn, overshadowing a 5...

The Insurer
31 Oct 2024

Markel operating income surges to $1.37bn on improved UW and investment results | The Insurer

Markel reported third quarter operating income that surged from just $72.8mn in Q3 2023 to $1.37bn in the current reporting period driven by a jump in insurance oper...

The Insurer
31 Oct 2024

The Hanover reports Q3 beat as CR improves 8.9 pts to 95.5% | The Insurer

The Hanover has reported a Q3 earnings beat with results that included its combined ratio improving 8.9 points to 95.5 percent, driven in part by lower catastrophe l...

The Insurer
31 Oct 2024

Arch CR deteriorates by 8.7 points to 86.6% in cat impacted Q3 earnings beat | The Insurer

Arch Capital Group’s combined ratio worsened by 8.7 points to 86.6 percent in Q3 2024 as a greater level of catastrophe losses in both its insurance and reinsurance ...

The Insurer
31 Oct 2024

Ryan Specialty reports 11.8% organic growth and adj Ebitdac margin expansion | The Insurer

Ryan Specialty generated organic growth of 11.8 percent in the third quarter and grew adjusted Ebitdac by 29.4 percent to $190.3mn, expanding adjusted Ebitdac margin...

The Insurer
31 Oct 2024

Axis UW gain dips 8% to $135mn as cat losses nearly double, core LR improves 60bps | The Insurer

Axis Capital’s underwriting gain dipped by 8 percent to $135mn in the third quarter, driven by catastrophe losses that nearly doubled to $78mn from a year ago, but i...

The Insurer
31 Oct 2024

Ryan Specialty closes in on acquisition of MGU platform Innovisk Capital Partners | Program Manager

Ryan Specialty is in final discussions to buy London-based MGU incubator platform Innovisk Capital Partners from investors that include funds managed by private equi...

The Insurer
31 Oct 2024

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The Insurer
31 Oct 2024

Insurers broadly welcome UK budget despite disappointment at lack of captive consultation | The Insurer

Insurers welcomed the government's focus on stability, predictability, and investment in its Autumn budget despite disappointment at the lack of a UK captive regime ...

The Insurer
31 Oct 2024

UK chancellor Reeves raises employers’ NI and capital gains tax in first budget | The Insurer

In her first budget since the July general election, UK Chancellor Rachel Reeves has raised national insurance contributions for employers and capital gains tax in a...

The Insurer
31 Oct 2024

Student activists aim for Aspen and QBE in third day of city protests | The Insurer

Aspen and QBE are the latest (re)insurers to be targeted in the week of action against London market carriers as part of Extinction Rebellion’s Insure Our Survival c...

The Insurer
31 Oct 2024

Axa says Helene-Milton losses below €200mn as XL Re grows 10% in 9M 2024 | The Insurer

Growth at Axa XL Re continued to outpace the wider Axa Group P&C business during the first nine months of 2024, the French carrier has revealed in its latest tra...

The Insurer
31 Oct 2024

Greenberg: Chubb has “appetite for volatility” as competition in property picks up | The Insurer

Evan Greenberg said Chubb will continue leaning into property despite calling out an uptick in competition from the Lloyd’s market, as he also detailed at length his...

The Insurer
30 Oct 2024

Risk Strategies acquires NJ-based Felsen Insurance Services | The Insurer

Risk Strategies has acquired New Jersey-based Felsen Insurance Services, a provider of commercial and personal property and casualty insurance products.

The Insurer
30 Oct 2024

Aon: Pendulum has swung back toward buyers but carriers disciplined for now | The Insurer

Underwriting remains disciplined despite a buyer’s insurance market being seen globally, Aon has suggested in its new Global Insurance Market Insights report that al...

The Insurer
30 Oct 2024

King Risk acquires Connecticut-based Suzio Insurance Center | The Insurer

Private equity-backed broker King Risk Partners has acquired Meriden, Connecticut-based Suzio Insurance Center, strengthening its presence in the northeast.

The Insurer
30 Oct 2024

Enstar names Brockman chief commercial officer, hires Brit’s Thornycroft as chief administrative officer | The Insurer

Enstar Group has made changes to its executive leadership following president Orla Gregory's announcement of her retirement at year-end, appointing Paul Brockman to ...

The Insurer
30 Oct 2024

Munich Re Ventures invests in property inspection platform Inspectify | The Insurer

Munich Re Ventures has invested in Inspectify, as part of the property inspection marketplace and software platform’s recent $5.3mn funding round.

The Insurer
30 Oct 2024

Mercury General improves Q3 CR to 93.6% despite higher cat losses | The Insurer

US carrier Mercury General has reported improved operating income of $140.4mn for the third quarter, as its combined ratio improved 5 points and net written premiums...

The Insurer
30 Oct 2024

SRG acquires bloodstock broker Stonehatch | The Insurer

Expansive insurance intermediary Specialist Risk Group has broadened its portfolio with the acquisition of Stonehatch, a specialist bloodstock and livestock broker.

The Insurer
30 Oct 2024

Insurance Europe issues EU recommendations to strengthen cyber market | Cyber Risk Insurer

Insurance Europe, the European reinsurance federation, has published a number of policy recommendations to the European Union on how it can support the role insuranc...

The Insurer
30 Oct 2024

UK’s ABI and Brazil’s CNseg sign collaboration pact to boost insurance ties and tackle systemic risks | The Insurer

The Association of British Insurers and the Brazilian Insurance Confederation have signed a memorandum of understanding in a move designed to boost cross-collaborati...

The Insurer
30 Oct 2024
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