Kinsale

Kinsale: “Modest” premium growth slowdown in Q3 due to increased E&S competition

Kinsale Capital’s share price closed down 5.3 percent on Friday despite a comfortable Q3 earnings beat, with the E&S specialist’ management highlighting increased competition as the reason for a slowdown in its premium growth.

Kinsale Q3 CR ticks up to 75.7% as GWP grows 19% to $449mn

E&S specialist Kinsale Capital has reported a comfortable earnings beat for the third quarter, despite its combined ratio increasing 0.9 points due to catastrophe losses, while its gross written premiums grew 18.8 percent to $448.6mn.

AM Best goes positive on Kinsale’s ICR outlook

AM Best has revised the outlook to positive from stable for the “bbb” long-term issuer credit rating of E&S specialist Kinsale Capital Group.

Kinsale’s Haney: Best priced E&S business in our history being added to books

The business Kinsale is putting on its books is the best priced in the firm’s 15 years of operation with rates across its platform up 6 percent on a nominal basis in Q2 2024 and property pricing “probably” at a 20-year high.

Kinsale’s Q2 CR ticks up 1 pt to 77.7% as GWP grows 21%

Kinsale Capital Group has reported a 1 point deterioration in its second quarter combined ratio to 77.7 percent while the E&S specialist’s gross written premiums increased 20.9 percent to $529.8mn.

S&P GMI: Kinsale again tops performance ranking of US-based P&C carriers

Commercial insurers accounted for 22 of the top 25 spots in S&P Global Market Intelligence’s US property casualty industry performance rankings, with E&S carrier Kinsale retaining its place at the top.

Kinsale eyeing further property growth with pricing “at a 20-year high”

Kinsale continues to see plenty of opportunity to continue growing its property book with pricing in the sector “at a 20-year high” and limited competition for the business coming from the admitted market.

Kinsale Q1 UW income up 26% to $65.1mn in comfortable earnings beat

Kinsale Capital Group closed 2024’s first quarter with a comfortable earnings beat as the carrier reported a 26.2 percent increase in underwriting income to $65.1mn driven by premium growth and lower net commissions while its net premiums written (NPW) increased 17.4 percent to $351.1mn.

New fronts in the war for insurance talent

Managing general agents are luring top-flight talent from both (re)insurance carriers and technology circles. For carriers that have long prided themselves on their underwriting performance, this presents a quandary, writes William Pitt.

Kinsale grows GWP 34% in Q4 as CR improves to 72.1%

E&S insurer Kinsale Capital Group has reported its combined ratio improved one point to 72.1 percent in the fourth quarter while its gross written premiums (GWP) increased 33.8 percent to $395.2mn, a slight improvement sequentially on the GWP growth posted in Q3 2023.

Kinsale names CEO Kehoe to additional role of chair and Haney as president

E&S specialist Kinsale Capital Group has announced changes to its board of directors and management structure, with Michael Kehoe appointed chairman in addition to his role as CEO.

Kinsale to appeal $140mn wrongful death jury verdict

Kinsale Capital Group is standing by its position that exclusions on a $1mn general liability policy issued by its carrier subsidiary to Venetian Hills Apartments apply after a jury in a Georgia state court awarded $140mn to the plaintiff in a wrongful death claim.

Kinsale shares drop 20% as CEO states premium growth will moderate to 10-20% longer term

Kinsale Capital Group’s share price dropped around 20 percent on Friday despite the E&S specialist reporting a Q3 earnings beat, while management told investors that premium growth will moderate to the 10-20 percent range in the longer term, as well as noting some competitors are “quite reckless”.

Kinsale grows Q3 GWP 33% as CR improves 9.2 pts to 74.8%

Excess and surplus lines specialist Kinsale Capital Group has reported an earnings beat that included its gross written premium increasing 33 percent to $377.8mn and its combined ratio improving 9.2 points to 74.8 percent.

Kinsale continues to lean into property amid continued “strong rate increases”

Kinsale continues to lean into the property market with the business having enjoyed “rapid growth” and “strong rate increases” in the space during Q2 2023, while the E&S carrier’s management suggested fronting company collateral concerns could see competition from casualty MGAs reduce.

Kinsale Q2 UW income up 40% to $61.5mn as GWP grows 58%

E&S specialist Kinsale Capital Group has reported an earnings beat for the second quarter, with results that included 39.5 percent growth in underwriting income to $61.5mn and a 58.2 percent increase in gross written premiums (GWP) to $438.2mn.

Kinsale’s Kehoe still bullish on E&S prospects with property distress set to remain

Kinsale Capital Group CEO Michael Kehoe struck a bullish tone on the company’s Q1 earnings call, with the executive positive about the E&S carrier’s prospects for the rest of 2023 and “a rising sense of optimism about next year”, as market conditions, particularly in property, remain positive.

Kinsale CR improves 80 bps to 78.2% and GPW soars in comfortable Q1 earnings beat

Kinsale Capital Group’s net operating earnings increased 50.6 percent year on year to $56.8mn while its combined ratio improved 80 basis points to 78.2 percent in Q1 2023 as the carrier’s gross premiums written surged 45.6 percent on the back of continued favorable E&S market conditions.

Kinsale hands McMorrow and Gentry senior underwriting promotions

Kinsale Capital Group has named Brendan McMorrow as senior vice president, underwriting, one of four senior promotions the E&S-focused carrier made at the beginning of this month.