National Underwriter's Top 100 and Heads of the Lines lists — the data for which is provided by S&P Global Market Intelligence — offer a look at who's on top, who's taken a hit, and who's making progress in a crowded and highly competitive P&C market.
Today, we focus on those P&C groups are leading in net premium growth, and those who now find themselves lagging in terms of net premiums written (in $000s). The "NPW Rank" column shows where a particular group ranks among the Top 100 by NPW.)
While AIG remains ensconced in the top 10 Groups, its decline in NPW "reflects our strategy to improve Commercial's underwriting results," the company said. "About half of the decline is related to the increased use of reinsurance and exits from highly unprofitable lines, mostly in U.S. casualty, where portfolio remediation efforts are most intensely focused." The remaining half, a spokesman added, "is related to improved risk selection and increased use of tools and analytics, which helped bring about the 4.1 point year-over-year improvement in our adjusted accident year loss ratio to 66.7 in financial year 2016, as mentioned. Our focus at AIG is on key growth areas that offer compelling value."
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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].
