Wow, a combined ratio of 117.4 yet they still get upgraded because of the merger. I’d be worried considering the book is largely comprised of contractor exposures in the northeast.
They are heavy into commercial, and have bought a lot of that business with low rates, so not surprising that they have a high combined ratio. maybe raise their habitational premium by 25%, in my opinion?
117.4 does not sound attractive, although sounds like 9.5 is estimated from catastrophes. I’m concerned about how the rate adjustments to improve the combined ratio to get it to 103-104 as indicated will affect the policy retention and future sales.
Wow, a combined ratio of 117.4 yet they still get upgraded because of the merger. I’d be worried considering the book is largely comprised of contractor exposures in the northeast.
Wow, a combined ratio of 117.4 gets you an upgrade?
They are heavy into commercial, and have bought a lot of that business with low rates, so not surprising that they have a high combined ratio. maybe raise their habitational premium by 25%, in my opinion?
117.4 does not sound attractive, although sounds like 9.5 is estimated from catastrophes. I’m concerned about how the rate adjustments to improve the combined ratio to get it to 103-104 as indicated will affect the policy retention and future sales.