Market still facing ‘turbulent’ 2022: RPS CEO Cavaness
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Market still facing ‘turbulent’ 2022: RPS CEO Cavaness

James Thaler
November 22, 2021
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RPS logo with Joel cavaness.jpg

Despite signs of moderating price increases earlier this year, the combination of elevated cat activity, accelerating loss cost trends in casualty, and ongoing capacity constraints will continue into next year, the CEO of wholesaler Risk Placement Services (RPS) has said.

Joel Cavaness said that, while market conditions and capacity featured heavily in discussions at the Wholesale & Specialty Insurance Association (WSIA) annual meeting, the state of the market largely remained the status quo.

“We're

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