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The forecast compares with Raymond James' estimate of rate increases of up to 15 percent on loss-affected business.
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Japanese mutual extends its open market cover to $15bn, with pricing flat year-on-year.
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The state-backed insurer is looking to refine its reinsurance programme but overall demand remains subdued after it has depopulated its portfolio.
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Underwriters are preparing for a major claim from Boeing and fear another loss-making year.
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One market representative is understood to have raised the issue with Lloyd’s performance management director Jon Hancock last week.
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The business discloses a 12.8 percent return for the 2016 year of account.
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CIAB said all lines except workers’ compensation, cyber and terrorism saw pricing increases.
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Discussions ahead of the midyear renewals are now beginning in earnest.
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The mutual now has a long-term credit rating and financial strength rating of BBB+.
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However, reinsurance programme structures are not expected to change much.
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Brokers are pushing for a 5-10 percent rate increase on standard renewals.
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Adverse development and a withdrawal of capacity are expected to lead to increased pricing for loss-affected Latin American accounts.
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