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Insurers pressed for 28% workers’ comp rate cut to reflect lower costs and taxes.
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The insurer is to take more out of premium pools, potentially leaving less for charity. -
The transaction provides cover for named storms and severe thunderstorms in Texas on an indemnity, annual aggregate basis.
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Valuations for brokers and carriers have hit a peak, executives said at a recent London 100 roundtable.
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Aggregate gross written premiums for London-based carriers were up by 9.8 percent.
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The broker’s global composite insurance index indicates a net upward movement of rates.
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Rates in primary habitational and hotels and dealers’ open lot insurance are accelerating faster than in the wider property market.
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Both 1.1 and 1.4 renewals concluded with only minor rate gains.
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Raymond James cites an improving combined ratio for making the homeowners' insurance provider a strong buy
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Anaemic rates have forced the carrier to abandon the business line.
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Strong growth reported as shift towards lower return, lower volatility model continues.
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If something is hard-won it is more valuable.
