Insurers of commercial lines have proved to be the insurance industry's earnings stars in the first quarter, according to Bank of America.
Brian Meredith, a securities analyst for the bank, said that 80 percent of commercial lines insurers in his coverage universe have reported upside surprises due to good underlying underwriting results, reserve releases and light catastrophes losses.
He said Arch Capital, Renaissance Re and Montpelier Re performed above expectations in net premium growth and earnings, while the rest of the insurance universe had less than stellar growth.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
