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The broker said that Boeing claims of up to $1.5bn had prompted rates to surge. -
However, there's more to re-underwriting an excess book than price alone, Inside P&C analysts noted.
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This publication looks at the 10 most prevalent industry trends for the year ahead.
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The cutbacks could have withdrawn close to $1.5bn of limit from the market.
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The MGA’s CEO predicts a halt to significant capacity withdrawals.
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Katy Bradica returns to the carrier after nine months as AIG’s chief actuary for North America, while Mary Latham joins from Beazley.
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Demotech has cautioned that up to 18 of the 46 Floridians it rates are at risk of downgrade.
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Pricing had previously slipped back after spiking following attacks on vessels last May.
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Pricing continued to rise at 1 January amid a capacity squeeze and social inflation.
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The Japanese-owned carrier teams up with Hiscox to provide capacity to former chief equine underwriter David Ashby.
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The NAIC has given authorisation for Chaucer to write the lines of business through its Irish subsidiary from 1 January.
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Unmodelled cat losses are prompting a reassessment of pricing, the broker said.
