- Guy Carpenter summarizes the above-average hurricane forecasts in this chart:
- S&P and Best agree that rates are likely to rise. As a result, S&P raised its outlook on property-casualty insurers to positive, from neutral. Best is keeping its outlook neutral.
- U.S. insurers booked $3.32B in underwriting losses in Q1 – WSJ passes along SNL Financial’s number-crunching. Combined ratio is about 103%.
Next week: I will be at the Casualty Actuaries of Greater New York’s meeting June 1 at the New Yorker Hotel, Eighth Avenue and 34th Street. The next day, I will be speaking at Advisen’s Casualty Insight Conference at the McGraw-Hill Conference Center, 1221 Avenue of the Americas, New York.
Stop by and say hello.