-
In common with their property cat colleagues, US casualty reinsurance underwriters are suffering a late 1 January renewal, with most deals still awaiting firm order terms as of early December.
-
Casualty reinsurers are talking about brokers and clients taking a more "realistic" approach to dynamics in a sector where margins have been squeezed to the point of being unsustainable on many quota share deals.
-
Florida's state-backed insurer is preparing for a challenging 2018 that will see ongoing profitability pressures from assignment of benefits (AOB)-driven non-weather losses and an increase in reinsurance costs.
-
Reading external budget documents is unlikely to be high on the to-do list for reinsurers and brokers entering the frenetic last couple of weeks of a 1.1 renewal season that has run late and proved challenging.
-
The London property binders market is resisting rate decreases on US business at renewal in the wake of losses from the North Atlantic hurricanes.
-
The International Group (IG) of protection and indemnity (P&I) clubs has set back hopes of broad-based rate rises in the marine market after achieving a rate reduction of around 1 to 2 percent on renewal of its excess-of-loss (XoL) reinsurance treaty.
-
Equity analyst meetings in Bermuda have pointed to lower reinsurance pricing increases than initially anticipated at the January renewals, with rate rises in US property in the high single digits and only loss- impacted accounts seeing double-digit growth.
-
The International Group (IG) of protection and indemnity (P&I) clubs has set back hopes of broad-based rate rises in the marine market after achieving a rate reduction of around 1 to 2 percent on renewal of its excess-of-loss (XoL) reinsurance treaty
-
Early momentum for reinsurers in the US property catastrophe treaty renewals is fast evaporating as cedants increasingly exploit excess capital to cap rate rises, The Insurance Insider understands.
-
The International Group (IG) of P&I clubs looks set to secure a rate reduction on its vast reinsurance deal for 2017/18 after a bruising round of negotiations with the marine market, The Insurance Insider can reveal.
-
The Thomas fire has grown to 249,500 acres and is now the fourth largest in recorded California history, according to state fire authority Cal Fire
-
Florida’s state-backed insurer Citizens has budgeted for an 8 percent increase in its private risk-transfer costs for 2018 in anticipation of a hardening property cat market.
