-
Marsh CEO Martin South added that the broker expected to see property rates easing, but "the reverse is going to be true." -
The reinsurer is working to find the right inflation indicators for individual client portfolios.
-
Munich Re board member Thomas Blunck warned inflation will remain high in 2023, driving up loss costs.
-
The move reflects the ratings agency’s downgrade of majority owner Fosun last week.
-
Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.
-
Sources said that some entities were exhibiting “sheer desperation” to hit 2022 plans, driving down prices.
-
In their messages at the Rendez-vous de Septembre, Munich Re, Hannover Re, Swiss Re and Scor signalled a ripe environment to hike prices and adjust terms.
-
The ratings agency predicts a combined ratio of 95.2% for the companies on its watch this year.
-
The broker said some reinsurers were planning for significant growth in property catastrophe as demand is expected to pick up pace.
-
A report warns that recent rate increases may not be enough to protect against headwinds.
-
A Moody’s survey of reinsurance cedants found most are expecting cat rate increases to remain in a high-single-to-low-double-digit bandwidth.
-
Growing competition for UK property business kept price increases in check during the quarter.
