January 22, 2025
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The carrier confirmed that its corporate cat treaty retention decreased to $3bn this year from $4bn in 2025. -
Travelers grew NWP by 1% in Q4 as BI rose 2%, specialty increased 4% and personal lines was unchanged.
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The agency cited falling property rates and US casualty challenges.
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The market is now approaching something that “looks like equilibrium”.
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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025.
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An impending soft market further complicates the outlook for carriers with long-tail casualty exposure.
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The ratings agency maintained a neutral sector outlook.
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The Floridian also anticipates $115mn to $125mn in net income for the quarter.
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A favorable nine months for the industry does not solve its underlying problems.
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Loss ratios in troubled casualty lines ticked down year-over-year despite worsening loss costs.
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Kemper and Selective’s woes stem partly from own issues, but industry-level issues persist.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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