Argonaut to Be Acquired by Brookfield Re: Aspen Redux?
Register to read full abstract Already registered? Login here
The Spectrum Approach to Insurer Financial Oversight – PC
Adopting a binary approach to the consideration of an insurer’s financial strength; i.e. that the carrier is either solvent (good) or insolvent (bad), is a common and potentially costly due diligence mistake. As historically not many insurers become insolvent (though more do so in the property & casualty and medical health insurance sectors) , distributors of their products may conclude that carrier financial oversight is therefore either unnecessary or something to be passed over lightly. While we agree that insolvency always equals a bad outcome, it does not follow that all solvent companies are necessarily “good.”
P&C Mutual Insurance Market Overview
Register to read full abstract Already registered? Login here
Hurricane Ian Loss Estimates for Florida Homeowners Specialist Cohort
Several weeks ago, ALIRT sent an email detailing total Hurricane Ian loss estimates based on releases from the international insurance community over the past two months.
Unpacking Hurricane Ian Losses
As ALIRT prepares to digest the 9 month 2022 statutory financial filings issued late last week, we pause to consider the impact of Hurricane Ian which struck Florida with sizeable force in late September.
Lincoln National Update Following $2.6 Billion Quarterly Loss
On November 2, 2022, Lincoln National Corporation (LNC) announced a $2.6 billion GAAP1 net loss for
the third quarter 2022, which followed its annual review of reserve assumptions and deferred acquisition
costs (DAC). The loss included the following:
U.S. Surplus Lines Overview
Register to read full abstract Already registered? Login here
Argo to Sell Lloyd’s Business to Westfield Specialty
Register to read full abstract Already registered? Login here
The Insurtech “Full Stack” Strategy Starts to Sputter
Insurtech firms have made a big splash in the U.S. Property & Casualty market over the past 6-7 years, most initially as tech-enabled distributors of insurance but increasingly as underwriters as well.
Homeowners Insurance Market Residual Market Trends in Higher Risk States
Register to read full abstract Already registered? Login here