EC3 execs described low-to-mid single-digit increases on average, with aviation, property D&F and PI rates pushing higher.
My first experience of the gravitational pull of AIG came in the tight market of 1993.
“Distressed” D&O market pushes for correction as professional indemnity notches up double-digit rate increases.
Construction and downstream energy react to loss experience as upstream registers small increases.
Marine hull defies market correction as cargo, property D&F and aviation surge.
Axa XL loses five underwriters in a week to major start-up, as markets wait on further moves.
Financial lines, real estate and healthcare all at risk as key staff exit.
A firming rate environment and improved macro trends provided a dual tailwind in the quarter.
The UK’s impending exit from the EU has facilitated a sea change in the government’s understanding of the London market, the LMG CEO says.
Nephila has also stopped buying ILW cover as the market of buyers shrinks.