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The AJG CEO once again dismisses suggestions the market is "hard". -
The Standard Club and Steamship Mutual move in tandem for 2020.
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The P&I club said the current rating is not sufficient to cover heightened claims activity.
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Improvements in pricing are not enough to match the spike in loss costs.
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The reinsurance market "can and will get better" after recent disappointments.
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Reinsurers look set to largely ride on the coat-tails of insurers on rate rises, with ceding commissions relatively steady.
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Rate rises continue to accelerate, with business insurance rate growth up from 3.6% to 4.3%.
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Sister title Inside P&C gives an early view on the results commentary for Q3 earnings, which points to further acceleration.
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The Scor Global P&C deputy CEO said the firm would deploy more capital into specialty insurance.
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Neoguri and the stronger Bualoi look set to pass to the east of Japan.
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There is little expectation that reinsurers will be able to push European cat pricing at 1.1.
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The ratings agency says recent cat events could breach the carriers’ loss budgets.
