ALL THE TIME.
Comprised of 15 analysts, our Equity Research team is in constant contact with management of both public and private companies to keep our clients abreast of industry trends and new developments. Our boutique model of “all insurance, all the time” allows our dedicated five person sales team to respond to our client’s needs quickly and provide timely access to senior research analysts.
With ajit out, aon's london market "facility 2.0" becomes "aon client treaty"
Following Ajit Jain's notice of non-renewal, global broker Aon has been in discussions with underwriters for months to restructure/replace Berkshire's 7.5% "ETF"/quota share of Aon's business @ Lloyd's. As we've long suggested, having "validated" the program with Berkshire's AA paper, any new Aon facility would likely: (1) be larger (2) include higher commissions to Aon & (3) be lower rated. We don't believe "facilities"/indexes are simply a "soft market" manifestation. See our full report
d&p The Frequency Conundrum. ALL & GEICO See What Others Don't
While auto loss cost frequency is clearly increasing, the magnitude has varied by company. ALL and GEICO saw worse frequency trends which stood out against peers. The cause of increased frequency remains somewhat unknown and it is unclear if this is the start to a steady rise of if frequency will settle at current levels. Regardless, both ALL & GEICO, some of the faster growing companies in the market, are on a path to increase rates. This will serve to benefit Progressive and other large writers, at least in the near term. See IBNR #29, 2015 for more details
Homeowners roes improve modestly for '15 aided by light cats & u/writing improvements
Homeowners insurance, long ago a "throw in" coverage for insurers writing the auto insurance, has increasingly been an area of focus for personal lines writers, particularly over the last several years. With the longer term /macro themes as backgroundm we take a closer look at recent homeowners' insurance results, by state, for the U.S. industry, as well as the larger participants & current rate trends within the business (still modestly positive). See IBNR #40, 2015 for full report