Insurance Rate News

Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.

The broker is discussing the potential for "smart frequency solutions" with reinsurers.

European storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.

European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.

Continental cedants are looking for support for third and fourth events.

European casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.

CEO John Doyle said global property rates were down 2% versus flat in Q2.

Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.

Space insurers are running at a near-200% loss ratio after booking losses of over $1bn in 2023.

M&A levels have increased 23% year-to-date compared to 2023, according to Gallagher Specialty.

Treaty premiums have risen, while casualty premiums remain restrained.

Pricing expectations are still not aligned on higher-risk coverage options.