The spread between rate and loss costs is negative for the sixth straight month.
Chubb escapes more aggressive net-zero demands with The Hartford; Travelers still due.
The insurer looks to further expand its team by hiring specialised underwriters.
‘It might be a bit longer’ before industry has the ammo to fight for tariff hikes.
The collaboration with The Hartford is the first in the US.
It follows The Hartford’s $787 million settlement agreement with the BSA earlier this year.
The new hire will lead the strategic direction, growth, and underwriting for the business.
The insurer expects earnings hit of approximately $137 million pre-tax in the third quarter of 2021.
CEO Swift says the company is pursuing an aggressive technology agenda to expand its digital capabilities, simplify processes, and apply data analytics to enhance products and services.
The company says its global specialty business has shown 'strong and improving results'.