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Aggregate market pricing could now be up 30 percent, with distressed clients forced to pay considerably more. -
Umbrella covers and commercial property "hardening at fastest pace since 9/11”.
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The use of exclusions could leave the personal assets of directors at risk in the event of legal action.
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The impact of the pandemic on the mortgage insurance market has been muted thus far.
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The agency affirms the entity's ratings after the collapse of its deal to buy PartnerRe.
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The ratings agency is reviewing the impact of Floridian insurers’ reinsurance buying at 1 June.
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The Californian insurer said rising reinsurance costs were digestible.
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There are “massive concentrations of risk”, one panellist at Insider US warned.
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John Howard says an earlier estimate indicates carriers are under-reserved in casualty by about $100bn.
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He noted that D&O, E&S and event cancellation are areas that could be particularly impacted.
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Average price growth accelerated to the fastest pace since the recovery began at the end of 2017.
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The four continental European reinsurers expect Covid-19 to accelerate price momentum despite divergent approaches at 1.4.
