Excess casualty
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride. -
Idaho and Minnesota far outpaced other reporting states in premium growth, stamping office data shows.
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Reinsurers will likely push for double-digit US premium rate increases.
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Umbrella was the exception, ticking up slightly on the month.
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This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
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The top four lines posted low-single digit to high-single digit policy count growth.
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Executives flagged elevated packaged auto loss activity in Q2.
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Markel executive Alan Rodrigues will lead the unit.
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“Hammer letters” are going around, and insurers are struggling to coordinate on claims handling.
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The H2 rate predictions mark a slight moderation from those in H1.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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