Few Underachievers Disturb First Qtr. Party Atmosphere
While most property-casualty insurers were invited to the first-quarter party celebrating higher earnings, lower combined ratios and double-digit premium increases, investors and analysts were impatient with those few that did not make the “A” list.
“If you dont start making hay while the sun shines, then the board of directors should look for management changes,” an investor told CNA executives in Chicago during a conference call held earlier this month.
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