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Everest Re executives were relatively optimistic about P&C (re)insurance pricing.
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My first experience of the gravitational pull of AIG came in the tight market of 1993.
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A firming rate environment and improved macro trends provided a dual tailwind in the quarter.
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EC3 execs described low-to-mid single-digit increases on average, with aviation, property D&F and PI rates pushing higher. -
“Distressed” D&O market pushes for correction as professional indemnity notches up double-digit rate increases.
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Marine hull defies market correction as cargo, property D&F and aviation surge.
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Construction and downstream energy react to loss experience as upstream registers small increases.
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Renewal pricing in each of the company’s specialty property casualty sub-segments exceeded expectations.
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The Californian carrier is to revise programme after handing $216mn wildfire loss to reinsurers.
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Executives are optimistic about the insurer’s ability to drive stronger returns given rate trends.
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The reduced appetite in standard lines have led to a market firming in E&S lines, the executive said.
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The broker’s Marketplace Realities report foresees property and marine rates rising as much as 15 percent, and energy lines jumping up to 20 percent.
