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Property cat and casualty pricing remain steady following chaotic 2023 renewal, with global cat rates rising 3%. -
As risks continue to become more interconnected, (re)insurers face increased pressure to manage aggregation.
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Social inflation continues to prove challenging in the casualty space and is rebounding post-Covid.
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With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.
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Reinsurers are also determined to secure structural changes and payback from Italian, Slovenian and Turkish cedants at 1 January 2024.
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With new leadership at some of the largest continentals, there will be close attention to how their tactics in changing lines of business will evolve.
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AI development is creating new risks for insurers to assess as multiple key trends suggest it will evolve into a standalone insurance product like cyber-risk.
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He joins from Hoerbiger Holding, where he was head of corporate risk and insurance management.
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The Corporation used its latest market message to call out what it saw as an “underwhelming” approach from specialty insurers to changing conditions and “moronic” D&O underwriting.
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The French reinsurer said continued price increases, particularly on cat and US casualty, remain necessary.
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The company’s Monday statement is the latest development in a debacle that could potentially lead to a major loss event for the utility company’s casualty insurers.
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Dave Cahill and Adam Power have resigned, as Miller managed to shore up remaining members of its casualty team.
