Rates
-
Profits are expected to widen thanks to improved rates and higher average attachment points. -
TWIA has raised its net operating expenses to $40.2mn.
-
E+S Rück said that natural disasters and persistently high inflation have again "taken a toll" on the German insurance industry.
-
Fermat’s John Seo said the industry can “see the wall of money coming in, but it’s coming in slowly”.
-
Prabis does not envisage market softening at this stage, for reasons including wider macroeconomic impacts.
-
The downgrades reflect the negative impact of challenging macro-economic trends on underwriting results and risk-adjusted capitalization.
-
Board members voted five to four in favor of rate increases but fell short of the two-thirds majority required.
-
The ratings agency is currently in discussions with Clear Blue’s management regarding the company’s ability to replace certain programs or letters of credit.
-
The CEO said Chubb has ‘never seen better pricing’ on primary property.
-
Loss-free accounts were generally up 20%-50% at renewal, the reinsurance broker said.
-
The firm’s 1st View report on the July renewals also flagged that an oversupply of ILW capacity may bring down attachment points relative to early 2023.
-
The carrier is increasing underlying rates to counter increased reinsurance costs and inflation.
