Underwriting & Pricing
Transportation Insurer National Interstate Posts Surprise Q2 Loss
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise ...
How To Own Your Risk: AIR Worldwide Explains Touchstone
Released in January 2013, AIR Worldwide's Touchstone modeling platform was five years in the making, according to the catastrophe modeling firm's new chief operating officer. Below, Bill Churney, a ...
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...
Hiscox Reports Profit Up 44%; Combined Ratio at 74.7%
Hiscox Ltd. surged the most in more than four years after the second-biggest Lloyd's of London insurer by market value reported better-than-expected first-half profit and increased its dividend. The ...
ACE CEO Greenberg Looks to Mexico to Grow as Brazil Slows
Evan Greenberg, the chief executive officer of Ace Ltd., said the insurer is looking beyond Latin America's largest economy as he seeks growth in the region. "It's obviously slowed down a lot in ...
Is Travelers’ Price-Cutting a Sign Rate Increases Have Peaked?
Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company's shares ...
W.R. Berkley Rates, Profit Up; CEO Comments on Berkshire Specialty
W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of ...Travelers’ Q2 Profit Up Due to Continued Rate Hikes
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. Net income increased ...