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Idaho and Minnesota far outpaced other reporting states in premium growth, stamping office data shows. -
Reinsurers will likely push for double-digit US premium rate increases.
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US liability was a hot topic at the European conference.
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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
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The lawsuit names additional attorneys, doctors and medical practices.
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The company is currently “underweight” in that line of business, he added.
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The reinsurer constructed a “social inflation index” for a new study.
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The broker reported that global reinsurer capital reached a record of $695bn as of June 30.
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The transaction complements its previous acquisition of RMS in 2021.
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Rate increases on primary liability placements range from 10% to 20%.
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Umbrella was the exception, ticking up slightly on the month.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
