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Property cat reinsurers and brokers negotiating 1.1 renewals are reacting to a developing California wildfire situation that could disrupt specific placements and add upwards pressure to broader pricing dynamics.
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The UK trade credit insurance market has been hit by a series of claims in recent months, prompting discussions on potential rate increases.
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Primary commercial pricing remained little changed in the US during the third quarter, according to two recent surveys.
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Primary commercial pricing remained little changed in the US during the third quarter, according to two recent surveys.
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London has a very difficult balancing act to pull off
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Commercial P&C insurance rates decreased by 1.3 percent in the third quarter of 2017, according to a survey by the Council of Insurance Agents and Brokers.
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Primary insurers focused on US personal lines have weathered this year’s series of catastrophic events with minimal disruptions and most rated companies will report a profit for 2017, according to Moody’s Investors Service.
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Commercial insurance prices remained flat overall in the third quarter, with an accelerating gain in auto rates the only major outlier to a moderating trend across most lines, data from Willis Towers Watson show.
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Florida’s state-controlled Citizens won double-digit wind-only hikes for next year as regulators set the carrier’s rates today, mandating increases of as much as 10.1 percent.
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Tangible evidence of downward pressure on ceding commissions is emerging in the US casualty and professional liability reinsurance market, following the placement of a number of deals leading up to the key 1 January renewals
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The soft market for upstream energy is over.
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After a series of disastrous renewal seasons characterised by over-capacity and falling demand, the upstream energy market in London looks set to achieve mid-single-digit rate increases at 1 January.
