US casualty reinsurers give way on QS commissions in mid-year renewals
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US casualty reinsurers give way on QS commissions in mid-year renewals

ID us casualty bullet point map image may 28 2021 v3.jpg

US casualty excess-of-loss (XoL) rate increases will continue at 1 June, while on pro-rata deals reinsurers are granting higher ceding commissions to access improved underlying business, this publication can reveal.

Excess of loss: Slow and steady

Price increases on XoL deals have remained in keeping with those seen at the 1 January renewal, as reinsurers maintain pressure on cedants to build up rates to match loss deterioration and combat the continuing suppressed...

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