Cat capacity crunch in focus as CEOs look ahead to 1.1 renewals
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Cat capacity crunch in focus as CEOs look ahead to 1.1 renewals

Farhin Lilywala
October 31, 2022
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As (re)insurers begin absorbing the impact from Hurricane Ian and the market approaches January 1 reinsurance renewals, third-quarter earnings calls have focused heavily on shrinking reinsurance capacity, pricing increases and tightening terms and conditions.

While Ian claim frequency has been at lower levels than expected, industry executives are nevertheless bracing themselves for the potential impacts of claim severity exaggerated by litigation and inflation and significantly increased reinsurance costs.

Even

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Topics

NewsChubbAxis CapitalArch CapitalAJ GallagherMarsh McLennanEverestRLITravelersUniversalClaims and losses
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Farhin Lilywala
Section Editor, Distribution & Specialty
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