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Retro rates are at an eight-year high, according to the broker. -
The broker’s 1st View report said rate change may have disappointed some reinsurers but remediation focused on specific stressed pockets of business.
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US cat renewals are outpacing European increases, but as signalled earlier this month, the level of rate hikes has fallen back.
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There will be significant movements in the ranks of the top 10 syndicates in 2021, with Brit moving into second place and Axa XL tumbling to 7th.
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Further analysis of our annual survey reveals the biggest movers in the market and the combined impact of new entrants for 2021.
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A full breakdown of stamp capacity movements for 2021 from this publication’s annual survey.
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The client tool will provide real-time data on pricing, profits and claims.
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The capital skewed to scale-ups, London and carriers targeting both primary and reinsurance business.
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Cedants and reinsurers perform a "slow dance" around pandemic losses, with claims negotiations deferred beyond renewal.
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Reinsurance is significantly up for aviation insurers due to Boeing loss deterioration.
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A range of sources in the reinsurance market said cedants needed a stark reassessment of primary rates.
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Captive formation in Guernsey, Luxembourg and the Isle of Man is expected to increase this year and next as the market hardens.
