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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging. -
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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Premium rose across the top 15 P&C risks in 2024.
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Is the ransomware threat really getting worse – or just more visible?
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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The Beazley CUO said geopolitics would determine cyber market pricing.
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Coverage has broadened while limits have increased, the broker said.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The change reflects the company’s growing profile within the MS&AD group.
