‘Dull’ renewal as large insurers retain more risk
US cat underwriters helplessly swimming against the swollen tide of excess industry capital and stagnating demand were left disappointed for a second month in a row at 1 July.
A consensus among underwriters and brokers canvassed by The Insurance Insider put rates at an average of flat to plus 5 percent.
In its analysis of property rates, broker Willis Re pointed to price falls on the cat programmes of some loss-free regional buyers, with movement in the range of down...
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