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Reduced premium levels and higher rates could be squared through increased retentions and co-insurance. -
Despite major increases reinsurers seem underwhelmed by the scale of the re-rating.
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The pace of growth tripled year on year to 6 percent.
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Disparate attitudes between European reinsurers could temper aggressive rate increases at the key 1 April renewal.
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The embattled majority owner of Sirius blocked a planned rights issuance last week.
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The CUO says 10-20 percent rate expansion would be insufficient.
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The Florida carrier makes no reserve strengthening in the final quarter after responding to Irma loss creep in the July to September period.
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Claims inflation may outstrip rate growth, Allianz suggests.
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The move follows the exit of Munich Re as the homeowners’ managing general agency’s treaty reinsurer last year.
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CEO Pat Regan said he was confident that rate increases were outstripping claims inflation.
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The Canadian carrier's insurance units are looking to take advantage of a favourable rate environment.
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The chairman and CEO said his firm has seen opportunities to deploy capital in multiple lines.
