Rates
-
Insider US’s morning summary of the key stories to get you up to speed fast. -
Issues over reinsurance pricing and capacity continued to plague commercial property.
-
Profits are expected to widen thanks to improved rates and higher average attachment points.
-
Insurers should reserve as conservatively as possible, maximize their product set, and decide if they are buyers or sellers.
-
Insider US’s morning summary of the key stories to get you up to speed fast.
-
Meanwhile, the company’s October cat losses came in below the reporting threshold of $150mn, compared eith $317mn of cat losses in September and nearly $1.2bn for Q3.
-
Slowing loss cost trends may signal relief ahead, but only if carriers remain vigilant on rate action until we are past the peak.
-
The ratings agency said the change reflected its expectation that the carrier would post improving underwriting results in the next two years.
-
Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
-
Cedants and brokers are navigating the complexities of varying risk appetites signaled by reinsurers, who are willing to provide more capacity for cat treaty but only at certain layers as they maintain discipline.
-
Compared to September, all major commercial lines of business tracked by Ivans experienced increases in premium renewal rate changes.
-
The decline marked the sixth consecutive quarter of double-digit pricing declines.
Most Recent
-
AIG to raise $718mn from Corebridge secondary offering
December 01, 2023 -
Citizens Property Insurance targeted in Senate Budget Committee probe
December 01, 2023 -
M&A weekly roundup: USI, King, Higginbotham and more
December 01, 2023 -
PCF Insurance Services’ Foy passes CEO baton to Morgan
December 01, 2023