Casualty XoL renewals run late as reinsurers hold out for price increases
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Casualty XoL renewals run late as reinsurers hold out for price increases

Multiple exposure of city commuters and skyscrapers in London.jpg

Renewals of excess-of-loss casualty treaties will run late this year as reinsurers hold firm for rate increases in the face of rising inflation and look to further carve out cyber exposure, this publication can reveal.

As is the case for property treaty, the London market casualty reinsurance renewal – which typically concerns XoL rather than quota-share contracts – is running several weeks behind schedule, with a lack of firm order terms (FoTs) available from...

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