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Demand gap in treaty will serve equilibrium as reinsurers remain disciplined
Insurance
Demand gap in treaty will serve equilibrium as reinsurers remain disciplined
Reinsurers need to hold the line on both rates and retentions, says Beazley.   6 November 2023
Hard market should last at least another year
Insurance
Hard market should last at least another year
Reinsurers need to deliver double-digit returns even when a Hurricane Ian-sized catastrophe strikes in order to prove the market is sustainable, says IQUW’s Rene Lamer.   6 November 2023
The US P/C industry faces growing headwinds: APCIA report
Insurance
The US P/C industry faces growing headwinds: APCIA report
Ever-increasing challenges from claims cost and expense increases, extreme weather events, legal system abuse, continue to have significant negative financial consequences for insurers.   6 November 2023
Insurance
2023 will be the year of the retained loss: Aon
2023 has seen 31 insured losses globally of more than $1 billion—yet there have been no losses higher than $7 billion.   6 November 2023
Insurance
Insurers could return to underwriting profit on homeowners policies, says Aon
A falling inflation rate and stable claims should lead to underwriting profit by 2025, according to a new report from the broker.   6 November 2023
Insurance
Banks are using insurance models to assess risk
Use of insurance models by banks could lead to their demanding borrowers build more climate-resilient structures: Moody’s RMS.   6 November 2023
Insurance
Drivers get riskier, compounding pressure on insurers: APCIA
Escalating costs are driving up auto insurance premiums in Nevada and across the country.   6 November 2023
Insurance
Florida capacity likely to increase after reforms
Florida legal changes starting to show results, and California needs to take heed, says Fitch senior director Christopher Grimes.   5 November 2023
Insurance
US P/C players see more downgrades
More downgrades reflect a difficult period for the personal lines segment, according to AM Best.   5 November 2023
Insurance
Don’t paint all casualty business with the same brush
Reinsurers will be seeking changes on casualty business but cedants should be assessed on an individual basis, says BMS Re.   5 November 2023

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