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In a brief report on Jan. 1 renewals published Monday, Guy Carpenter said that its global property catastrophe rate-on-line index rose 10.8 percent. Improvements on underlying business helped ...
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions ...
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of ...
A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this ...
Cyber coverage has been a rapidly growing business segment for P/C insurers for years. But much more capacity may have led to this: U.S. cyber liability renewal rates declined during the 2017 first ...
Reinsurers dealing with Jan. 1, 2016 renewals are seeing continued pricing declines in most cases, with no end in sight to the years-long trend, Willis Re asserted in a new report. The situation is ...
The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in ...
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