Slide’s Post

Need to Know: Q2 broker recap, Q2 earnings, PCF Inside P&C’s morning summary of the key stories to get you up to speed fast. http://spr.ly/6043Pwxv1 #reinsurance #insurance

Week in Brief: Loss reserve naysaying, a Whale hunt, Koffie breaks, and the Truist sale http://spr.ly/6047nqb4T #reinsurance #insurance

Temporary housing stands as a pivotal yet often underestimated facet within the realms of insurance and property management. Our latest blog post is a deep dive into the nuanced world of temporary housing. Join us as we dissect its unparalleled value proposition, shedding light on the distinctive advantages it presents to #insurance carriers, property management firms, temporary housing companies, and policyholders. Check it out here: https://lnkd.in/eZK_m5rY #RESTORE #TemporaryHousing #InsuranceInsights #PropertyManagement

Regional mutual market needs further step-change at 1.1: RenRe’s O’Keefe http://spr.ly/6048uq7Cp #InsuranceInsidernews #insurance #reinsurance

Short-tail insurance improvement drives IGI - International General Insurance Co. Ltd. profit jump. The re/insurer said positive underwriting environment is likely to continue. https://ow.ly/FxSY50PAhbg #insurance #reinsurance #profit #underwriting #investment #income

With skyrocketing homeowners and auto #insurance premiums, #investors can turn to this #ETF to profit from the ongoing crisis. https://lnkd.in/e9eEnNK3

Inside P&C’s morning summary of the key stories to get you up to speed fast. http://spr.ly/6048ugPij #reinsurance #insurance

Regarding Insurance Journal report/article on Geico results - why is the personal lines market so restrictive with new business if profits look like this for BH? * A 2023 pretax underwriting profit of $3.6 billion, reversing a $1.9 billion underwriting loss reported for 2022 at *Berkshire’s personal auto insurance operation, GEICO, and fueling a $5 billion pretax underwriting profit for all of *Berkshire Hathaway’s insurance operations last year. 2023 underwriting profits for the remainder of primary operations coming in three-times higher than 2022 and more than double 2021, with written premiums growing 24.1 percent to $3.5 billion. *P/C reinsurance operations adding another $2.0 billion in pretax underwriting profit. The last time P/C reinsurance came in even close to that figure was more than a decade ago in 2013, when P/C reinsurance underwriting profits reached $1.0 billion (according to records kept by Carrier Management) Something doesn’t track. Who can fill in the gaps?

This is the second article I've read this week about steep earnings improvement for an insurer that plays in the property space. I realize that factors that contribute to rate increases are complex, but if we see a steady stream of big earnings jumps, hopefully, that is a signal that change might be afoot in the property insurance market. Fingers crossed. #insurance #propertyinsurance