All Rates articles
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AnalysisGuy Carpenter remains an upbeat outlier on 1.1 rates as Swiss Re adds to caution
Guy Carpenter remains an outlier on its 1.1 renewals stance as Swiss Re became the latest firm to strike a more cautious note when it published its FY 2019 results today.
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Analysis
E&S carriers reveal rate hikes accelerating and broadening into 2020
Management for the parents of major excess and surplus lines (E S) writers Lexington and RSUI have revealed impressive statistics for just how much rates and submissions changed in the fourth quarter.
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News
Fairfax units poised for growth as rates accelerate: Watsa
Fairfax Financial-owned (re)insurers Odyssey, Allied World, Crum Forster and Brit are “ready to expand” on the back of continuing rate rises, chief executive of the Toronto-headquartered holding company Prem Watsa has said.
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Analysis
Duperreault not focusing on top line despite AIG’s return to underwriting profit
AIG has revealed strong price increases on its earnings call, but CEO Brian Duperreault stressed the insurer is still focused on making sure the portfolio is “rock solid” before turning to growth mode.
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News
Private D&O insurers seek rate increases of up to 20%
Some private/non-profit insurers are seeking rate increases of up to 20 percent in 2020 but broker Gallagher believes rates on the whole are likely to be flat to up 10 percent.
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News
Further rate increases needed: Arch’s Grandisson
Arch Capital’s president and CEO Marc Grandisson believes the industry still needs further rate increases but said E S and facultative reinsurance are showing particularly positive movement.
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News
US property insurance pricing leaps 18% in Q4: Marsh
Property insurance pricing in the US increased 18.2 percent in the fourth quarter, according to research by Marsh.
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News
CNA’s med mal, umbrella underwriting changes reducing frequency: Robusto
US insurer CNA has noted the positive impact of the higher attachment points that it has introduced for medical malpractice and umbrella business, in addition to accelerating rate increases seen in the fourth quarter.
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News
Capitol Preferred blames lawsuit surge for 36.5% rate rise request
Capitol Preferred’s James Graganella has painted a bleak picture of Florida’s claims environment after reporting his company faced more than 1,000 first-party lawsuits in 2019, a 727 percent increase in four years.
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News
Nephila’s Velocity seeks 28.1% rate increase on Florida HO-3 book
Nephila’s Velocity Risk Underwriters MGA has filed on behalf of National Specialty with the Florida regulator to seek approval for an average rate increase of 28.1 percent on the HO-3 book of homeowners insurance it writes using the fronting carrier’s paper.
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News
Capitol Preferred seeks 47% rate increases on Southern Fidelity book
Florida carrier Capitol Preferred is awaiting the outcome of a public rate hearing this morning (7 February) to consider its filing for a 47.0 percent statewide average rate increase on the homeowners book it acquired when it merged with Southern Fidelity last March.
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News
PartnerRe remains committed to US casualty despite cutback at 1.1
PartnerRe remains committed to writing US casualty business, despite a more cautious approach at the 1 January renewal that saw it come off or reduce its participation on a number of deals.
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News
Chubb shares rise over 7% as Greenberg downplays loss trends
Chubb chairman and CEO Evan Greenberg has dismissed D O loss trends as “an old story”, while providing detailed feedback on the price increases the insurance giant is obtaining.
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News
Medmal pricing starting to exceed claims inflation: Markel
Markel has seen an uptick in its medical professional liability rates that indicates pricing in the segment is finally matching up with the rising cost of claims, co-CEO Richard Whitt has said.
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News
The Hartford shares slide 4% despite strong pricing outlook
Investors sent The Hartford’s share price down despite fourth quarter results that outperformed expectations and management’s bullish pricing commentary.
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News
Chubb reports strong top line growth driven by market change
Chubb’s fourth quarter 2019 core operating income per share of $2.28 comfortably beat analysts’ mean estimate of $2.12 per share as CEO Evan Greenberg pointed to top line growth fueled by price increases that continue to accelerate and spread to more classes of business.
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Opinion
Brokers toil on the mean streets of market change
The momentum of broad price increases that have taken hold in the commercial insurance market has inevitably been a dominant theme in the fourth quarter earnings season.
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News
No hard market, say Marsh and GC CEOs
Marsh president and CEO John Doyle and his Guy Carpenter counterpart Peter Hearn have downplayed talk of a true hard market but agreed with MMC CEO Dan Glaser that it has become significantly more challenging.
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News
Axis shares up 4.5% as Benchimol outlines strong pricing trends
Axis Capital shares were trading up almost 5 percent in mid-day trading, after the Bermudian revealed core combined ratio improvement and detailed strong pricing increases for insurance and reinsurance.
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News
Rate increases ‘comfortably outpacing loss cost trend’: Berkley
Rob Berkley has again stressed WR Berkley was ahead of the curve in addressing social inflation in pricing, while declaring that in areas of opportunity the US insurer would “rip the spigot out of the wall” and let business pour in.
