Rates
-
The deal is the third scale-up buyout for the firm, highlighting the ongoing value of scale in the reinsurance segment.
-
Early private deals have provided far more stability in this year’s renewal than last.
-
The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
-
Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.
-
Blenheim’s withdrawal from property treaty highlights questions around London’s role as a reinsurance centre of excellence.
-
The executive said IGI is seeing similar trends in treaty rate renewals during the second quarter of the year.
-
Softening cat bond rates are among the bearish signals for cat rates, but latent new demand and still-cautious supply should prolong reinsurer gains.
-
The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.
-
Most lines continued to record price increases, with global rates being propelled largely by rising rates in property insurance.
-
The broker said pricing reductions might decelerate throughout the year if carriers perceive increased risk.
-
Primary insurance rate increases were 10% for property in Q1 compared to 7% in Q4.
-
Mark Cloutier set out Aspen’s plans for top-line 2023 growth in the range of 10%, and a continued strategy of pursuing rate rather than exposure growth in property cat.
Most Recent
-
Atrium names Chaucer’s Fowle as CEO
07 June 2023 -
Beazley marine hull and war chief Young resigns
07 June 2023