Cali wildfire reinsurance rates could rise as much as 70%: S&P The 2017 and 2018 wildfires have led to double-digit rate rises, reduced capacity and a more cautious attitude from reinsurers.
S&P lowers outlook for London P&I Club to ‘negative’ The club, which retains its BBB financial strength and issuer credit ratings, pledges to engage with the ratings agency to reverse the outlook change.
Rate rises insufficient to restore Axa XL’s property cat appetite: Hendrick The carrier will continue to write more long-tail business to manage down its cat exposure.
Floridian regulator slashes Citizens multi-peril rate increase to 2.6% The reduction in rate rises permitted for the class of insurance follows a public pricing review.
Rate rises remain ‘spotty’ and more still needed: Addesso Encouraging signs that the (re)insurance industry will continue to see rate rises, says Everest Re’s CEO.
