Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Underwriting loss grew in 2017 for P&C sector: AM Best

  • Ted Bunker 7 February 2018
  • Beaten up by catastrophic hurricanes and wildfires, the US property and casualty sector suffered another operating loss last year, with the deficit widening as the aggregate combined ratio added 4.2 points to reach 105.1 percent, AM Best reported.

    Cat losses added 8.8 points to the 2017 aggregate ratio, and on a normalised, ex-cat basis it was little changed last year from 2016, at 95.9 percent, AM Best said in a report released late today. Last year's cat losses have been...

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