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An oil rig off the coast of Norway may seem an unlikely victim of social inflation. But the phenomenon that has created misery for USA Inc and shaped the outcome of the casualty reinsurance renewals is being felt far from the pharmaceuticals companies, the hospitals, the religious institutions – and insurers thereof – perceived to stand well ahead in the firing line.
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Greenspan was more optimistic about Arch, switching her opinion to ‘overweight’ from ‘equal weight’.
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Losses in the wider casualty market are affecting relatively loss-free pockets of the energy sector. -
Broker says alternative capital retracted by 7% as investors exercise caution.
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Broker’s 1.1 report notes uptick in rates for property cat and non-marine retro.
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The Insurance Insider looks back to some of the standout pieces of the last 12 months.
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The Willis Re International chairman says some carriers consider primary rate increases inadequate.
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The broker highlights increasingly discerning reinsurers pushing for rate.
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Rate growth fails to meet early expectations but the market is clearly tightening in aggregate.
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Price growth defies modest expectations as carriers including Liberty Mutual, MS Amlin and R+V Re retrench.
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Hilary Brown most recently served as head of casualty, international for AIG.
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1 January renewal runs late as brinksmanship from cedants meets determination from reinsurers.
