-
Speaking during a conference call, WR Berkley CEO Rob Berkley described pricing momentum that was “gradually building”.
-
Both early reporting companies reported positive data points on rate and growth.
-
Initial guidance on the latest Residential Re transaction points to a spread well above comparable deals.
-
Commercial auto is still a market in turmoil, RLI president and COO Craig Kliethermes said.
-
Universal released pricing for its cat programme last week, and the Floridian cedant conceded a 30 percent rate rise with a view to getting the deal home.
-
The cedant suffered $500mn+ of Irma loss creep and looks likely to fare worse than the broader market. -
One commonly held view in this market is that P&C company valuations are largely driven by the pricing cycle, and that positive and accelerating pricing should be considered a universal positive for the group.
-
There is no doubt that some serious work needs to be done to change the way flood insurance is charged by Fema.
-
Increases of up to 25 percent on loss-affected contracts were balanced by flat renewals for loss-free business, the reinsurance broker finds.
-
Aviation insurers are re-evaluating grounding cover following the downing of an Ethiopian Airlines passenger jet.
-
The ratings agency warns that Brexit, price competition and regulation will hold back profits.
-
The repositioning of AIG and FM Global has led to a 1 April renewals period where the balance of power is tipped in London’s favour.
