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A new report from AM Best reveals that the U.S. property/casualty industry recorded a $21.2 billion net underwriting loss in 2023, slightly improved from a $24.9 billion underwriting loss recorded in ...
AM Best published its annual estimate of the U.S. property/casualty insurance industry's financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for ...
Record premiums haven't been enough to reverse U.S. D&O insurers' underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for ...
The U.S. commercial automobile insurance segment's underwriting losses deepened to $4 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend of worsening ...
Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some "unacceptable" results, particularly a $114 million underwriting loss. Separately, there are also ...
American International Group has continued to face General Insurance underwriting losses since President and CEO Brian Duperreault took the helm of the struggling insurer in mid-2017. He remains ...
Aspen Insurance Holdings confirmed on Friday, Feb. 16, that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company's 2017 catastrophe ...
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio ...
The U.S. commercial automobile insurance segment saw big rate jumps in the first three quarters of 2017, but they may not be enough to reverse underwriting losses, A.M. Best said in a new report. ...
Kemper Corp. won some ratings affirmation validation from A.M. Best, but that good news is paired with a warning of the insurer's limited growth potential down the line. A.M. Best affirmed the ...
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