E&S Property In Focus: Competition Up, Price Momentum Waning
During separate earnings conference calls this week, executives of two property/casualty specialty writers—W.R. Berkley Corp. and RLI Corp.—signaled a changing E&S property insurance market. Both companies reported double-digit jumps in top lines and in net income, with underwriting and investment income driving descriptions of “solid” and “strong” financial results from the leaders of both companies. … Continued
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