Grenville Posted June 17, 2011 Share Posted June 17, 2011 Nice article on Crum & Forster http://www.propertycasualty360.com/2011/06/17/contrarian-style-still-in-place-at-rebranded-crum Link to comment Share on other sites More sharing options...
Parsad Posted June 17, 2011 Share Posted June 17, 2011 Thanks! Nice to see stuff on the great insurance executives at Fairfax. Good article! Cheers! Link to comment Share on other sites More sharing options...
bluedevil Posted June 17, 2011 Share Posted June 17, 2011 Thanks - great article. I think this is exactly what Prem is talking about when emphasized their desire to find competitive advantages that will allow for profitable underwriting no matter the point in the cycle. Link to comment Share on other sites More sharing options...
Rabbitisrich Posted June 18, 2011 Share Posted June 18, 2011 Property360 also interviewed Stephen Way, CEO of HIIG and former CEO of HCC, who commented on pricing: . You can quote me. There’s no hope. Rates aren’t going up. In many cases, they are still going down. They are woefully low at this point, and if the industry didn’t have the reserve releases we’ve been seeing over the last 18 months, we would already be seeing red ink.]As to the market-turn inference, we are not at the end of the soft market. We might see some increase in property rates, but there is no hope of casualty business [hardening]. You can quote me. There’s no hope. Rates aren’t going up. In many cases, they are still going down. They are woefully low at this point, and if the industry didn’t have the reserve releases we’ve been seeing over the last 18 months, we would already be seeing red ink. http://www.propertycasualty360.com/2011/06/17/picky-hiig-seeks-unadvertised-specials Link to comment Share on other sites More sharing options...
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