Progressive included a 20% rebate for commercial lines customers with BOP and GL policies – potentially the first indication of rebates spreading from auto to small commercial customers.
P&C stocks underperformed all sectors outside financials and energy in March
The deal has both sound financial and strategic rationale. But is it a fair deal? Not exactly.
Aspen and Argo hang over the Bermuda market, offering a parable of potential consequences for the remaining Bermuda “independents” in a make-or-break year.
The takeaways from CIAB's Q4 survey were continued rate increases in line with market intelligence from companies.
Following decades of significant market share growth, Progressive faces increasingly cost-efficient competition from large carriers, while its new TAM places the firm in a competitive agency channels.
Last week, the global spread of the coronavirus spooked investors, causing a sharp drop in risk assets globally.
Brokers fired on all cylinders as the group outpaced historical averages on all key performance metrics, largely driven by P&C operations, but the sailing has not been equally smooth for everyone.
Coming into 2019, with margins reaching cyclical highs, and pricing still elevated, the dynamic in auto changed on a dime.
