Chief underwriting officers are seeing rate increases across their specialty books, but are questioning how sustainable the upwards momentum will be.
Munich Re has been a long way ahead of its competitors in this game.
Property D&F rates build momentum, yacht and cargo rates surge, following aviation underwriters push up rates.
Downstream energy and construction markets respond to losses, while terrorism remains competitive.
Casualty lines paint mixed rating picture going into 2019.
Goldman Sachs and TPG look for exit again after pulling 2017 sale process.
Industry loss estimates are expected to increase as carriers come to terms with their actual exposure to this year’s record-breaking wildfire season.
Rate reductions have already started to ‘decelerate’, one industry expert said.
The West of England is imposing a general increase on members at the 20 February renewal, the first time in three years an International Group club will do so.
Homeowners in the state pay more than 9 cents on the dollar of claims for legal costs, three times the amount nationwide, according to a report.
The US/UK covered agreement mirrors the pact struck with the EU last year.
The speedy outcome of bilateral negotiations leading to the US/UK covered agreement is an encouraging sign for the UK (re)insurance sector.
The asset manager said there was “significant opportunity” within the reinsurance and retrocession market.
Tropical Storm Risk (TSR) predicts five hurricanes and two intense hurricanes at the mid-point of its forecast range.