Summary
Primary insurance carriers are reporting adverse loss development across product lines.
Workers’ compensation growth outpaced the industry during years of above 100 combined ratios.
AmTrust is deploying capital in both the insurance and reinsurance markets for workers’ compensation, potentially competing against itself.
Elevator Pitch
Growth at AmTrust (NASDAQ:AFSI) is too fast and too much of a good thing might backfire. Time to evaluate the portfolio.
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