Issues

Zurich Municipal was the most prolific supplier of UK public sector insurance in 2017, according to analysis of local government insurance data by research company Tussell.

Public organisations in the UK are buying more terrorism insurance, research by Tussell has found.

So much, then, for the cat-driven hard market in 2018. And if the industry has been disappointed with the rate response in cat-exposed business to date, we would offer caution to anyone hanging their hat on better pricing in casualty as a source of optimism for the market as a whole.

December losses from the California wildfires are likely to put a sizeable dent in US P&C fourth quarter earnings, according to JP Morgan analyst Sarah DeWitt.

As equity analysts digested the disappointing renewal rates from 1 January, there was a growing sense that further price increases could be seen during the mid-year US renewals.

The rate increases in property direct and facultative business were one of the more headline-grabbing outcomes of what was perhaps a more muted 1.1 renewal season than anticipated.

Reinsurers are weighing up a complex position with a lot of moving parts as they start trying to assess their prospects for 2018.

Reinsurers were able to achieve modest rate increases on loss-free marine accounts at 1 January despite a growing consensus that third quarter cat losses had fallen short of early fears.

As the dust settles on the 1 January reinsurance renewals, further evidence has emerged of improving conditions for underwriters of US casualty and professional lines treaty business.

Property catastrophe reinsurance renewal pricing came in below the levels hoped for by reinsurers, as the relative attractiveness of the class for traditional players and the efficiency of the ILS funds in reloading dampened post-loss rate rises.

"I've been down so goddamn long that it looks like up to me." So sang Jim Morrison on the Doors' last studio album LA Woman.

The commercial insurance market experienced a market-changing year in 2017 that should drive a broad turn in pricing, according to Sompo International global insurance CEO Jack Kuhn.