Liberty Mutual falls to $381mn Q1 UW loss from $1.03bn in cat claims

Liberty Mutual fell to a $381mn underwriting loss in the first quarter as cat losses increased to $1.03bn from $656mn a year ago, adverse reserve development rose to $51mn from $11mn, and personal auto claims inflation pushed its core loss ratio up 0.8 points to 64.9 percent.

 

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