hard market News
The Fine Art of Underwriting Through Soft and Slightly Harder Market Cycles
Twenty or so years ago, a London market marine underwriter declared he was going golfing one particular afternoon because he had reached his annual capacity level. That was an underwriting model ...
Burand’s State of P/C Insurance Industry, Part 1: Agencies Facing Paradigm Shift
The property/casualty insurance and group benefits industry is changing faster than ever—or at least faster than any time in any reader's history. Many factors are responsible for the change. Part ...
Willis Forecast: Cyber Rates Soar But Price Drops Ahead for Other Casualty
Cyber insurance and professional liability were the only clear outliers in a picture of softening primary insurance prices that now includes casualty lines, a broker report revealed last week. In its ...
‘Event’ Needed to Boost International Insurance Pricing: QBE Group CEO
When Australia's QBE Insurance Group reported a 24 percent leap in first-half earnings last week, the leader of the company signaled the ability of the company to weather both natural catastrophes ...
What Analysts Are Saying: Have P/C Prices Peaked?
With the hardening price phase officially over for property/casualty insurers by some accounts, analysts are not yet predicting any severe price declines for the year ahead—and underwriting profits ...
$100B Mega-Loss Could Soften Market Further: Willis
In a market report predicting that property insurance rates will decline further while casualty rates are sliding down too, broker Willis suggests that a mega-loss event won't turn the market, but ...