Losses at Berkshire Hathaway from insurance underwriting offset gains in manufacturing, service and retail businesses.
Tag: underwriting performance
Lloyd’s Falls to 2019 Underwriting Loss, COVID-19 Drives Down Solvency Ratio
The specialist Lloyd’s of London insurance and reinsurance marketplace has reported an unprofitable underwriting performance for 2019, with its full year results also revealing a decline in its central solvency ratio as a result of financial market volatility driven by the COVID-19 outbreak. Albeit improved on the previous year, Lloyd’s has reported a combined ratio… Continue reading Lloyd’s Falls to 2019 Underwriting Loss, COVID-19 Drives Down Solvency Ratio
Fitch Ratings: U.S. P/C Industry 2018 Performance Improves on Return to Underwriting Profit
The U.S. property/casualty (P/C) industry returned to a modest statutory underwriting profit in 2018 following two consecutive years of combined ratios above 100% as catastrophe losses slowed, premium growth accelerated and results were favorable in several key product segments, according to Fitch Ratings in a new special report. The industry logged a statutory combined ratio… Continue reading Fitch Ratings: U.S. P/C Industry 2018 Performance Improves on Return to Underwriting Profit