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Following a benign first half of the year for catastrophe losses, the ratings agency is expecting negligible rate rises in 2019.
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Who is willing to pay up when 2019 is widely expected to bring a return to pre-HIM conditions?
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The consortium will offer A$50mn ($36mn) in capacity for middle-market risks that are normally written in the local markets.
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Property, financial and professional lines recorded the largest rate increases in the period.
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The Lancashire CEO also said his firm was considering adding new teams in niche, short-tail specialty lines.
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Early reporters paint a picture of an orderly market in transition.
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Property cat reinsurance rate rises still lag behind those of primary insurance, executives said during Q2 conference calls.
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The carrier declined to take full advantage of its increased Lloyd's capacity. -
An improvement in losses from the North Atlantic hurricanes and the Mexican earthquakes took 2.1 points off the Q2 cat ratio.
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A few pockets still need rate, CEO Greenberg says on earnings call.
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The market curtailed its projections as carriers failed to secure sought-after rate rises.
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Early reporters Travelers and RLI signal the rising primary rate trend continues.
