AM Best: investment income helps offset weather-driven UW loss for mutuals in 2023

In 2023 many US property casualty mutuals benefited from improved investment returns that offset weather-related impacts that drove the sector’s underwriting loss 17 percent higher to $36.6bn, while insurers continue to request rate increases amid regulatory pushback, according to AM Best.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 7540 000929

spencer.halladey@wbmediagroup.com

    Andy Stone

    Sales manager

    +44 (0) 77 4160 9204

    andy.stone@wbmediagroup.com