E&S property shows signs of stabilisation after chaotic early months of 2023

Published: Fri 29 Sep 2023
E&S property remains in hard territory, with cat rates up 25 to 35 percent on coastal risks and significantly more on loss-hit accounts, but the chaotic dynamics seen earlier this year have given way to relative calm, albeit with concerns over severe convective storms (SCS) and elevated reinsurance costs.