Insurance loss trends are diverging as catastrophe pressure eases but casualty costs rise

← Ideas · Themes

CNA’s underlying Specialty underwriting performance deteriorated even as prior-period reserve and catastrophe pressure eased, while Old Republic recorded roughly $40 million of adverse development in a run-off transactional-risk business. Ryan continued to see expanding property capacity and declining premium rates, potentially pressuring pricing even as its restructuring costs accelerated. Conditions are therefore mixed: acute reserve shocks have moderated in places, but underlying specialty margins and property pricing remain challenging.

Subscribe to this theme (RSS)