US P&C rate momentum hangs in balance
Investors left disappointed by the stalling property cat reinsurance market are deciphering mixed messages on pricing momentum in the US primary P&C sector.
In Q2 earnings calls, industry CEOs ranging from the giants of Chubb and Travelers to specialty carriers such as WR Berkley have touted rate rises on their portfolios. These range from the mid-to-high single digits on average, with expectations of sustained increases for the quarters to come.
But recent industry pricing surveys suggest that the momentum for...
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