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Ryan Specialty president Tim Turner said that the overall flow of submissions into the excess channel “continues to grow at a record pace” with no signs of slowing down. -
Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Public companies’ primary prices renewed with the same limit and deductible were down 0.5% year on year in Q2 2022, marking the first decline in 17 quarters.
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The broker noted that a few market sectors such as life sciences will see healthy decreases, often around 20%, along with improved retentions and coverage.
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The downward trend of securities class actions against public companies is expected to continue in 2022, with the annual filings projected to drop by 7% this year, Woodruff Sawyer said.
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The policy, which Beazley claims to be the first of its kind in London and the US, will offer $10mn of capacity.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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On the property side, the costs for rebuilding a structure continue to climb and could prove to be prohibitive.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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A Howden report on the D&O market shows that clients “heavily penalised” for Covid-19 exposures have seen “meaningful rate reductions”.
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The figure marks a slowdown from the last three quarters, when price increases registered at 3.7% in Q4, 7.3% in Q3 and 14.2% in Q2 2021.
