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Early optimism around the effect of Hurricane Irma on rates is quickly receding as more data points emerge which suggest that even combined with Hurricane Harvey the storm will have only a manageable impact on capital levels.
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Catching up on emails in the San Diego sun during a cancelled appointment at WSIA this week, it was difficult to dismiss the sense of déjà vu
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A drop in available insurance-linked securities (ILS) capital after hurricanes Irma and Harvey will likely trigger US property catastrophe rate increases of 4-5 percent, Bernstein analyst Thomas Seidl has claimed.
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RSUI’s president and CEO David Leonard has sought to dispel the “myth” that the cost of doing business with the excess and surplus lines market is higher than the retail sector.
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Uncertainty over the likely industry losses from hurricanes Harvey and Irma has left the US property market in a state of flux as primary and reinsurance carriers attempt to unravel exposures and assess the potential implications for pricing, terms and conditions
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Commercial lines pricing remained broadly flat for property and casualty carriers during the second quarter, with slight declines in several categories offset by modest gains in others, Willis Towers Watson has said.
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Willis Re CEO John Cavanagh and designated successor James Kent have urged the reinsurance market to show a measured response when arranging back-ups following Hurricane Harvey and Hurricane Irma
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Expectations of a truly hard market for US property catastrophe treaty business are starting to recede as initial indications suggest that Hurricane Irma was a less severe event than expected
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At last year's largely uneventful Napslo annual convention in Atlanta the talk at the bars was of a merry-go-round of underwriting execs in the E&S property space
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Hurricane Irma's current track could "fundamentally change the market", according to Willis Towers Watson deputy global CEO James Kent.
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A benign first half of the year for catastrophe losses means Hurricane Harvey is unlikely to impact reinsurance pricing, Fitch Ratings said at its pre-Monte Carlo briefing this morning.
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From the flood-drenched streets of Houston to the casinos of Monte Carlo, one question on every energy underwriter's mind right now is what impact Harvey will have on rates.
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