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The move follows similar action by other clubs as the sector looks to generate underwriting profits.
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At the end of this week, my daughter will turn 20.
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Loss deterioration, interest rates and capacity reduction lend weight to reinsurers’ case for rate rises. -
Cat bonds sponsored by the California Earthquake Authority and the Philippines government both achieved their target size while pricing in the upper range of coupon guidance.
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There was a lot to unpack in Swiss Re’s investor day update, which focused on its plans to continue recapturing market share in the natural catastrophe business.
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Umbrella and commercial auto price growth nears double digits.
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The mutual said the rise was necessary to ensure financial stability amid rising claims.
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Low interest rates and macroeconomic uncertainty threaten profitability and solvency ratios.
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One of the best indicators of risk is how much growth was written in problematic lines during the soft market years.
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“Trapital” is once again throwing out renewal schedules in the ILS market after recent typhoon losses have complicated the run-up to 1 January.
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The broker expects public company D&O and cat-exposed property risks to receive high double-digit rate increases.
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Casualty rates and T&Cs should improve for 24-36 months, the executive said.
