NU's annual rankings, based on data from SNL Financial, offer an overall look at the P&C insurance industry's performance in 2014, with intel on net premiums written, percentage growth and combined ratios for both companies and groups.
Among the biggest gainers in the Top 10 companies was American Family Mutual, which posted 19% growth and cracked the Top 10 this year (up from No. 15 in 2013's standings).
Lexington Insurance Co.'s sharp 62.4% increase in NPW is mostly explained by a one-time combination of AIG's non-admitted and admitted capital pools in 2014. Lexington's share of that larger combined pool led to the increase in NPW reported, but the carrier also is growing in areas in which it is investing, such as in programs and its large limits property book—where AIG is bolstering its engineering expertise.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
