-
The broker has reported successive slowdowns since price increases climbed to a peak in Q1 2020. -
The carrier expanded premium by 8.3% at the January renewal.
-
Cyber rates continue to spike globally, along with financial and professional lines, Marsh data shows.
-
There is a nervousness among both brokers and underwriters around what compounding rate rise may mean for appetite for the product.
-
For the SPAC market, sources said that prices should continue to harden, while D&O rates are expected to stabilize amid a capacity flush.
-
Sources said there was still uncertainty over whether the 2021 underwriting year would turn a profit.
-
New markets have reset the balance between supply and demand in the market.
-
Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.
-
The broker said that the there was an increased differentiation in pricing compared to 2021.
-
Rates are up modestly across the board but reinsurers are "under pressure" to improve profitability.
-
The prospect of higher reinsurance costs, an inflationary environment and concerns over cat pricing are fuelling the underwriter argument for more rate in 2022.
-
Reinsurers anticipate lower increases than last year but maintain pressure for rate in inflationary environment.
Most Recent
