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The trade association’s intervention follows an uptick in major onshore losses with BI exposure.
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The carrier says London market rates have risen 5 percent in the year to date as it reports 14.3 percent nine-month GWP growth.
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Before Florence and Michael, rate reductions had looked set to resume.
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The UK regulator aims to wrap up the study by the end of next year.
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Japan all peril likely to see rate uplift, but competition pressures are expected to limit increases in China.
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The carrier first wrote the full limit of the aggregate deal in 2015.
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Direct written premiums for US homeowners’ insurance could hit $96bn in 2018, given rate activity through September of this year, according to an Aon Reinsurance Solutions report.
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The mood music around EC3 has been pretty gloomy of late, as the market awaits the conclusion of the syndicate business forecast (SBF) planning process.
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The executive says pricing is not keeping pace with loss-cost trends.
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The WR Berkley CEO highlighted areas for concern in professional liability lines.
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Benign European loss experience and overcapacity means power still lies with buyers, sources said.
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European cedants are considering dropping Lloyd's reinsurers at 1 January unless the UK is declared Solvency II-equivalent.
