“So, we'd end up pulling back in the event that it stayed that way.”

In context

“with this is, I would think that's below loss trend, but perhaps with terms and conditions and maybe some mix shift, it sounds like in your commentary you're not really thinking of underlying loss ratio deterioration here. Peter Zaffino: No, I'm not. I mean, as I said, it's really being driven more by property. Property was a big negative on the weighted average. But on the other lines of business, again, we're going to watch financial lines. Don had some really good comments on that. Casualties above loss trend. Gladfelter, as we look across the portfolio, it was really just property that was below loss trend and we'll see how that plays out, but are confident that it's above our technical and also that it's not sustainable to have these type of rate decreases over a long period of time. So, we'd end up pulling back in the event that it stayed that way. But submission count is great. I think there's a lot of opportunities. Retention is good and we still think that the property line for us is going to perform very strong. And just one other data point is that in the first quarter, our International Property is as big as our North America Property. And so, I just want to make sure that we remember that, overall, we have opportunities -- if North America becomes aggressive, we have a lot of points of entry in property and the risk-adjusted returns in International are just fantastic and we'll continue to grow there. But... Andrew Anderson: Thank you. Peter Zaffino: Thanks. We have one more question. Operator: Our next question comes from Brian Meredith with UBS. Your line is open. Brian Meredith: Yeah. Thanks for fitting me in. Peter, just”