Insight and Intelligence on the London & International Insurance Markets

12 December 2017

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US casualty insurers seek up to 10% price hikes

David Bull 21 November 2017

US casualty underwriters are confident of achieving rate increases of up to 10 percent in the early part of next year, as the market passes an inflection point prompted by a build-up of liability claims and the knock-on effect from 2017 earnings decimated by property cat losses.

Upwards pressure is also being driven from the "back-end" as a tougher stance emerges from reinsurers looking for improved economics on quota-share deals that had helped subsidise shrinking underwriting margins for insurers in...


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This article was published as part of issue November 2017/3

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